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Economy

TPP can help but not transform Asia's trade funk

It has become almost an annual ritual for the International Monetary Fund to lower its projections for economic growth in emerging countries, including those in Asia, still the most dynamic part of the emerging universe. A key factor in recent downgrades to IMF forecasts has been a fall-off in productivity growth, which is closely correlated with export growth. For most Asian countries, the exports on which they have long depended appear to have gone missing.

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