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IMF official flags rewards and risks of closer Asean integration

He also warns about significant global risks, particularly pressures in volatile financial markets

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Mr Lipton: Asean remains a magnet for foreign direct investment and portfolio flows

Tokyo

CONVERGENCE of Asean economies will bring opportunities for raising growth and productivity in South-east Asia but it will also entail increased risk in financial and other sectors of the regional economy, first deputy managing director of the International Monetary Fund David

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