Asia Pacific faces risks from financial tightening, slowdown in China: IMF ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 37
The Asia Pacific region is facing three main risks, including due to global financial tightening and a slowdown in China, according to an IMF official. Shanaka Jayanath Peiris, Division Chief of Regional Studies Division, Asia Pacific Department at the IMF, also said that currencies in the region have depreciated sharply while public debt ratios have increased. "We have identified three main risks to the region -- global financial tightening, Ukraine-Russia war, which has raised commodity prices, but (has) also slowed external demand particularly from Europe and the slowdown in China," Peiris told PTI. He was speaking on the sidelines of the NSEIMF Seminar on Regional Economic Outlook for As

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