IMF raises economic growth forecast for Asia

The International Monetary Fund raised its growth forecast for the major Asian economies for 2017 and 2018, after it published World Economic Outlook Update published in Kuala Lumpur on Monday.

The strongest improvement in Asia was registered in China, whose growth is forecast at 6.7 percent in 2017 and at 6.4 percent in 2018, 0.1 and 0.2 percent stronger respectively than projected in April.

Source: Reuters