DHAKA: Faster growth under the reformist governments of India and Japan will help cushion the blow to the world economy from a marked slowdown in China.

The International Monetary Fund predicted on Tuesday, reports The Straits Times.

As a whole, the world’s most populous region will continue to build up its share of the global economy, the IMF said in its latest World Economic Outlook report.

‘Asia’s growth is forecast to hold steady in 2015, and the region is expected to continue outperforming the rest of the world over the medium term,’ it said.

The report comes as China grapples with growth slumping to levels not seen in almost a quarter of a century.

BDST: 2045 HRS, APR 14, 2015
RR