The IMF said on Friday Asia should be ready to tighten monetary policies if overheating pressures emerge, while remaining alert to any future shocks from a still volatile global climate. The International Monetary Fund said in its World Economic Outlook report earlier this month that Asia’s growth prospects had dimmed but the region would avoid a hard landing this year thanks to strong domestic demand and monetary flexibility. Regional growth would flatten out at six per cent this year, from 5.9 per cent in 2011, before reviving to 6.5 per cent in 2013, it said, still much ahead of growth rates in the advanced economies. But Anoop Singh, director of the IMF’s Asia Pacific department, warned on Friday that export-dependent Asia could be hit should there be another slump in advanced economies, as well as by volatile commodity prices, especially high oil prices, and volatile capital flows. “Continued volatility are the risks I see for Asia looking ahead,” Singh said when launching IMF’s Regional Economic Outlook, a separate report following the World Economic Outlook, in Kuala Lumpur.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor