IMF on economic recovery

Free Exchange points attention to IMF's updated economic outlook for Asia and the Pacific (full paper here) which forecasts output in the area to grow by 2.8% in 2009, up from 1.2%, and by 5.8% in 2010, up from 4.3%, and credits this rebound to trade normalization. India's gorwth for 2009 and 2010 are also revised upwards to 5.4% and 6.4% respectively. Interesting set of "heat maps" on global growth momentum...



On Asia's growth momentum...



And on recovery in advanced economies.



See also IMFs WEO for global growth prospects.