Asia could enjoy a rapid economic recovery next year once its major trading partners pull out of recession, IMF managing director Dominique Strauss-Kahn said on Tuesday.
The Asian economies cannot begin to recover while the rest of the global economy is in a slump because they rely heavily on exports, the head of the International Monetary Fund said.
But once the US and European economies start to rebound, some Asian economies "may recover very fast", he said, speaking to an online briefing from Washington.
"A rapid recovery is possible," Strauss-Kahn said. "Some Asian economies are very good candidates to be the leading economies when things get going."
Some Asian countries, including China, have more room for fiscal measures to stimulate their economies, he said.
The Asian economies cannot begin to recover while the rest of the global economy is in a slump because they rely heavily on exports, the head of the International Monetary Fund said.
But once the US and European economies start to rebound, some Asian economies "may recover very fast", he said, speaking to an online briefing from Washington.
"A rapid recovery is possible," Strauss-Kahn said. "Some Asian economies are very good candidates to be the leading economies when things get going."
Some Asian countries, including China, have more room for fiscal measures to stimulate their economies, he said.
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