Editor
The International Monetary Fund (IMF) has raised Asia’s economic forecast for this year as China’s recovery underpins growth, but it warns of risks from persistent inflation and global market volatility driven by Western banking-sector woes.
The reopening of China’s economy is pivotal for the region with the spillover to the wider region seen focused on consumption and service-sector demand rather than investment, the IMF said on Tuesday.
“Asia and Pacific will be the most dynamic of…
