Tourisgather in front of the Singapore Financial District on Wednesday May 6, 2009 in Singapore. Most Asian economies face a sharp contraction this year and a weak recovery in 2010 as global demand for the region’s exports struggles to rebound, the International Monetary Fund said Wednesday. Singapore’s economy, which relies heavily on trade, finance and tourism, will likely shrink the most, contracting 10 percent this year and 0.1 percent next year. (AP)