Growth to slow in Asia-Pacific this year, IMF says

Fund cites ageing populations and lower productivity

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Photo: Flickr/freeimage4life

Economic growth is likely to slow in the Asia-Pacific region this year as a result of ageing populations and lower productivity, the International Monetary Fund (IMF) says in its latest regional economic outlook report.

The region grew by 5% last year, but is expected to slow to 4.5% in 2024. Growth next year will drop to 4.3%, the fund predicts.

The overall slowdown is focused on advanced economies in the region, with some emerging economies offsetting it through stronger growth. Japan, Australia

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