IMF’s Zhu Sees Tapering as Key Risk to Growth in Emerging Asia
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Several emerging economies in Asia face a “key source of risk” in the eventual tapering of monetary stimulus in advanced nations, an International Monetary Fund official said.
“Global growth is in low gear and downside risks persist,” IMF Deputy Managing Director Zhu Min said in prepared remarks for a conference in Port Vila, Vanuatu. He didn’t specify which countries were at risk from the scaling back of so-called quantitative easing policies that the central banks of Japan and the U.S. have adopted.