IMF to increase Asia-Pacific growth rate does not rule out two bottoming

Xinhua Beijing, October 29, according to Japan's Kyodo news agency, the International Monetary Fund (IMF) 29th released the Asia-Pacific Economic Forecast report. The report argues that "Asia is recovering rapidly from the severe global economic crisis" and has raised its judgment on future Asian economic trends.　　The report also said that next year the economic "recovery will be very slow", and warned that "can not completely exclude the possibility of two bottoming", the proposal to continue to implement economic stimulus policy. The report predicts a 2009-year growth rate of 2.8% in the Asia-Pacific region, at 5.8% in 2010. The forecasts for May were revised by 1.6 and 1.5% respectively.　　"The economic situation in Asia has changed dramatically compared to May," the report said. The economic recovery in Asia is ahead of the world, according to the report, thanks to a "strong policy response" in both fiscal and financial terms, as well as to the normal world trade and financial system that collapsed at the end of 08.　　"The fate of Asia will also be closely linked to the world economy in the future," the report said, refuting the "non-linkage" of the Asian economy's ability to sustain growth alone. The IMF detailed the "lost decade" of Japan's long economic slump, thinking that "signs of better growth may not necessarily ensure a real recovery". The IMF noted that "the recovery of the world economy is still in its infancy" and should not suspend the response until jobs and private demand begin to recover.