ASIAN ECONOMY: Asia urgently needs structural reforms: Morgan Stanley!

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PTI / The Hindu. 

The Morgan Stanley report warns of a slower growth for the Asian region in the near term due to the rising commodity prices and the resultant inflationary expectations. File photo shows a vegetable market in Ahmedabad, India - AP.

Asian governments have to urgently initiate crucial structural reforms to lift investment and create productive job opportunities which can help raise savings and aid a more sustainable growth, says a Morgan Stanley report.

The report also warns of a slower growth for the region in the near term due to the rising commodity prices and the resultant inflationary expectations. The report projects oil at $120-130 for the near term.

In a report titled ‘Asia Pacific Economics: Need to get back the productive dynamic’, Morgan Stanley says, it is less benign about near-term growth prospects saying many headwinds are up in the horizon and the region as a whole will have to settle for a lower growth trajectory.

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