REPUBLIKA.CO.ID, WASHINGTON - International Monetary Fund (IMF) released the first quartal of global economic on Tuesday. The Fund said that Asia still led the growth of the global economy driven by strengthening demand and continued robust domestic demand as reported by Elba Damhuri from Republika. 

The IMF concluded that private demand would be endorsed by accomodative monetary and some fiscal policies. The easy financial conditions and resilient labor markets also supported the private demands.

''The economy of emerging market in general is doing well. We can see such indicator in China, India, and ASEAN,'' the Director Research and Economist IMF, Olivier Blanchard, said in a press conference at IMF's Headquarter in Washington, DC. 

Even as the global tail risks, however, IMF assumed the risks and challenges emanating from within the region come more clearly into focus, including fradually increasing financial imbalances in some economies and the potential that any loss of confidence in regional economic policies could disrupt trade and investment.

IMF predicted that for Asia as a whole, the economy would modestly grow to about 5,7 percent in 2013 and 6,0 percent in the next year. This growth is largely as a result of recovering external demand and continued internal consumption. 

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