IMF lowers 2019 growth outlook for Asia

The International Monetary Fund (IMF) on Wednesday lowered its 2019 growth forecasts for the Asian economy to 5% from 5.4% projection made in April. 

The Fund has also revised the 2020 growth forecast lower to 5.1% from 5.4%. 

The global economy's growth rate is seen cooling to 3% – the weakest since 2008 – down from 3.2% in a July forecast.

The downward revision of the Asian growth forecasts could bode well for the anti-risk assets like Japanese Yen and Gold.