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IMF: Asia Must Shift Away From Farm Dependence


The International Monetary Fund says Asian countries must shift their economies from farming to industry and services if the region is to continue its economic boom.

In its semi-annual World Economic Outlook, the I.M.F. said Asian nations have been making strides, but still have a long way to go to approach the income levels of advanced nations.

The report highlighted the service sector, where the I.M.F. says the productivity of Asian nations has fallen.

The report said a greater focus on industry and services would help reduce poverty in rural areas and boost economic growth.

Information for this report is provided by AP and Reuters.

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