TOKYO - Risks to Asia's economy have increased from escalating trade tensions, China's property sector woes and the potential for further market turbulence, the International Monetary Fund (IMF) said on Nov 1.
Persistent downward price pressures from China can "provoke trade tensions" by hurting sectors in neighboring countries with similar export structures, the IMF said, urging Beijing to take steps to achieve a more demand-driven recovery for its economy.
"A longer and larger-than-expected slowdown in China would be harmful for both the region and the global economy," the IMF said in its regional economic outlook report for Asia.
"China's policy response is critical in this context," it said, calling on the need for steps to facilitate property sector adjustment and strengthen private consumption.
هذه القصة مأخوذة من طبعة November 02, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة November 02, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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