OTC MARKET NEWS Powered By Quantifi

IMF warns U.S. fiscal uncertainty, China's credit growth pose risk to Asia 

June 5, 2017

Leika Kihara, Reuters

"A lack of clarity about the size of an expected U.S. fiscal stimulus and China's rapid domestic credit growth are among risks that cloud Asia's economic outlook, a senior International Monetary Fund official said on Monday.

IMF Deputy Managing Director Mitsuhiro Furusawa noted a faster-than-expected sequence of interest rate hikes by the U.S. Federal Reserve could trigger a "significant" dollar rise that would increase the debt burden of Asian emerging economies with large dollar-denominated borrowings.

"Asia continues to be the world leader in growth helped by stronger demand and accommodative policies," Furusawa said in a speech at a seminar in Tokyo on the region's fiscal policy and demographics."

Read more

 
Comments are closed on this post.

Subscribe

Submit your email to receive our newsletter

GO