IMF: Asia vulnerable to sudden global tightening, protectionist shift – Reuters
|In its regional economic outlook update, the International Monetary Fund (IMF) revised higher its growth forecasts for Asia, reflecting “strong and broad-based” global growth and trade, reinforced by fiscal stimulus in the US.
The Fund noted: “Asia remains vulnerable to a sudden and sharp tightening of global financial conditions, while too long a period of easy conditions risks a further buildup of leverage and financial vulnerabilities.”
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