Retail in Asia

In Markets

Asia “slightly affected”

Asian economies are expected to be slightly affected by heightening economic risks in the euro zone and the US, say the heads of multinational agencies.

Christine Lagarde, managing director of the International Monetary Fund (IMF), has expressed concern about the euro-zone leaders’ fragmented approach to tackling fundamental problems.

Lagarde said the euro zone has become the world economy’s major risk. Development of the sovereign debt crisis has expanded to questions into the future of the euro zone and the viability of the monetary union.

(Source: Bangkok Post)