Inflation in Asia to hit 5.1%:
Inflation in Asia will hit 5.1% in 2008 due to surging food and fuel prices and could threaten economic growth in the region, the Asian Development Bank warned on Sunday.
Asia is set to grow at 5.7% in 2013, with growth in emerging Asia reaching 7.2%, leading the global three-speed recovery, says the International Monetary Fund in its latest Regional Economic Outlook for Asia and the Pacific released today in Singapore.