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Asia to grow about 5.4% this year and next: IMF

But the subdued and uneven global recovery and sluggish global trade could undermine its growth prospects

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China's economic rebalancing could be bumpier-than-expected, creating negative spillovers to regional trade and growth, according to IMF. Its GDP growth is projected to be 6.6 per cent in 2016, before moderating to 6.2 per cent in 2017.

Washington

ASIA continues to lead global growth and is projected to expand by about 5.4 per cent this year and in 2017. But slowing productivity growth, ageing population, and rising inequality "cast a long shadow" on prospects, according to the International Monetary Fund.

In its