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IMF says China & India is the place to invest in 2009

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July 10, 2009 – Comments (2)

MF raises Asia 2009 growth forecast on improved prospects for China, India

Associated Press

Last update: July 8, 2009 - 10:53 PM

 

BEIJING - The International Monetary Fund has raised its 2009 growth forecast for Asia's developing economies from 4.8 percent to 5.5 percent but cautioned that a sustained rebound will depend on recovery in developed economies.

The Washington-based cited improved prospects for regional giants China and India. In a report Wednesday, it raised its 2009 growth outlook for China by one percentage point to 7.5 percent and for India by 0.9 percentage points to 5.4 percent.

"The upgrade owes to improved prospects in China and India, in part reflecting substantial macroeconomic stimulus, and a faster-than-expected turnaround in capital flows," the IMF said in a report on global growth. "However, the recent acceleration in growth is likely to peter out unless there is a recovery in advanced economies."

The announcement follows the World Bank's decision last month to raise its growth forecast for China from 6.5 percent to 7.2 percent due to its stimulus-driven investment boom.

The IMF raised its 2010 growth projection for developing Asian economies from 6.1 percent to 7 percent.

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On the Net:

International Monetary Fund: http://www.imf.org

2 Comments – Post Your Own

#1) On July 10, 2009 at 10:08 AM, Dividends4ever (< 20) wrote:

This is all well and good, however, why is it that the pros never tell you to invest 40% ago?

They always wait until stocks are up 40% before telling you to get in.

Never understood that.

www.compdivplan.com 

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#2) On July 10, 2009 at 10:24 AM, IBDvalueinvestin (99.67) wrote:

I wonder if the Short Attack on Chinese Alternative energy stock APWR that started June 17,2009 is over? The stock has fallen 50% to $8 after an article downplayed its wind power business.

Here was the start of the short attack:

http://seekingalpha.com/article/143682-a-power-energy-generation-systems-headwind-or-tailwind?source=yahoo

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