‘Asia`s time has come for global economy’

Asia has emerged as a global powerhouse in the process of recovering from the worldwide economic crisis and its economic performance is likely continue to grow, the head of the International Monetary Fund(IMF) said on Monday.

SKorean economy grows 2.3% in Q2

Surging exports and consumer spending fuelled growth of 2.3 percent for South Korea`s economy in the three months to June, its fastest rate in more than five years, data showed Friday.