皇冠体育app

Economy

Markets

Industries

Insights

Reports

Events

IMF: 皇冠体育app's 8% growth challenging but possible

(Xinhua)
Updated: 2009-02-03 11:48

皇冠体育app's economy might achieve the 8 percent growth rate this year but it was challenging, said International Monetary Fund (IMF)'s Managing Director Dominique Strauss-Kahn on Monday.

Related readings:  Crisis may increase 皇冠体育app's role in IMF  IMF cuts 2009 world growth forecast to 0.5%  IMF expected to play greater role in resolving woes

"The growth in 皇冠体育app is tremendous important for the world economy." Strauss-Kahn said. "We expect 6.7 percent growth this year (for 皇冠体育app), 8 percent will be very challenging but is possible."

"皇冠体育app has showed in the past that it sometimes were able to do much more than expected," said the IMF chief, who will visit Asia late this week.

He also told reporters that 皇冠体育app has more room for fiscal stimulus beyond the 4 trillion yuan ($586 billion) fiscal package launched last year, adding 皇冠体育app and some other Asian economies might "recover very fast."

"A rapid recovery is possible," Strauss-Kahn said. "Some Asian economies are very good candidates to be the leading economies when things get going."