Asia Risks Losing Most From Rising ‘Geofragmentation,’ IMF Warns
- At same time, China’s rapid rebound supporting regional growth
- IMF Asia chief Krishna Srinivasan interviewed on Bloomberg TV
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Asia faces the biggest potential fallout from rising geopolitical tensions, according to a senior regional official at the International Monetary Fund, after China held military drills around Taiwan.
“Geofragmentation risks have risen quite sharply over the last five years, and have been accentuated by the war in Ukraine,” Krishna Srinivasan, director of the IMF’s Asia and Pacific Department, told Bloomberg TV on Wednesday. “If those risks rise, then Asia risks to lose the most among all the regions in the world.”