Asian economies remain relatively strong but risks dominate: IMF

Lima

ASIA will remain the "global growth leader" this year and in 2016 despite the slowdown in China and other parts of the region but "negative risks to growth dominate", the International Monetary Fund (IMF) said on Friday in its latest Asia and Pacific Regional Economic Outlook report.

"While Asia's growth has recently disappointed, the region is expected to grow at a steady 5.4 per cent in 2015-16", the report said.

"Asia's growth should benefit from relatively strong labour markets and disposable income growth along with the ongoing gradual recovery in major advanced economies. Acro…