Asia faces 'stagflationary' outlook, IMF warns, citing Ukraine conflict, spike in commodity costs and slowdown in China as creating significant uncertainty
Region faces"stagflationary" risk, a senior IMF official warns, citing Ukraine conflict, spike in commodity costs and a slowdown in China as creating significant uncertainty.
"The region faces a stagflationary outlook, with growth being lower than previously expected, and inflation being higher," said Anne-Marie Gulde-Wolf on Monday, acting director of the IMF's Asia and Pacific Department. "Despite the downgrade, Asia remains the world's most dynamic region, and an important source of global growth," Gulde-Wolf said in remarks prepared for delivery to a press briefing.
Outlooks vary within the region, depending on countries' reliance on imported energy and links to China, with growth in Pacific island nations slowing sharply, while Australia saw a slight upgrade, she said.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Asia-Pacific Stocks Set to Open Lower After Wall Street Sell-OffShares in Asia-Pacific are expected to open lower Monday following a sell-off on Wall Street on Friday.
Weiterlesen »
First Mover Asia: The Metaverse Is Subject to Earth’s Boring Old RulesIt’s not that the NFT promotes the vice of gambling; rather, the problem is that the promise of profit-sharing likely makes it a security. thesamreynods and JPRubin23 report
Weiterlesen »
First Mover Asia: Slow Start to the Week for Crypto as China Lockdowns Drag on Stocks, S&P 500First Mover Asia: Bitcoin’s correlation with the stock market has created a circular economy with China – even though trading the asset is officially banned in the country. thesamreynolds, DantesOutlook, Liqquidity report.
Weiterlesen »
Russia-Ukraine war live updates: Blinken says Russia failing in war aims, ‘Ukraine is succeeding’U.S. diplomats will return to the western city of Lviv, a first step toward reopening the U.S. Embassy in Kyiv.
Weiterlesen »
Russian advance in Ukraine slow; US says Moscow 'is failing'Top American officials have pledged to help ensure Ukraine wins its fight against Russia following face-to-face talks with President Volodymyr Zelenskyy in Kyiv.
Weiterlesen »