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 Friday.
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 said on Friday.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.
While low growth, high debt and escalating wars topped the official agenda at last week's International Monetary Fund and World Bank annual meetings, finance leaders spent much of their energy worrying about the potential impacts of a return of Donald Trump to power in the Nov. 5 US presidential election.Trump has vowed to impose a 10-percent tariff on imports from all countries, and 60-percent duties on imports from China, which would hit supply chains throughout the world, analysts say.
Warns Of Risks To Asia's Economy
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IMF says escalation of Middle East conflict poses significant economic risksLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Tokyo Metro: Asia's oldest subway goes publicTOKYO — Every day six and a half million people ride Tokyo Metro's nine lines, part of a dizzyingly complex transport network serving the Japanese megacity and its sprawling suburbs.
Read more »
Tokyo Metro: Asia’s oldest subway goes publicLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Pinoy sim-racers battling Asia’s best in Gazoo Racing Gran Turismo Cup Asia Finals 2024The Philippines’ best sim-racers will be facing off against the best of Indonesia, Malaysia, Singapore, and Thailand at the Gazoo Racing Gran Turismo (GR GT) Cup Asia Finals 2024. Catch the races starting October 13, 2024. The country's experienced finalists hope to represent Asia in the Global GR GT Cup.
Read more »
Experts Outline Top Global Risks for Next DecadeBloomberg reports on the potential economic threats facing the world in the coming years. Three prominent figures – Abby Joseph Cohen, Sam Bankman-Fried, and Ken Moelis – share their perspectives on the most significant risks ahead.
Read more »
Experts Warn of Big Economic Risks in Coming YearsBloomberg recently published an article highlighting major economic risks facing the world, including the war in Ukraine, inflation, and rising commodity prices. Three market visionaries shared their perspectives on the 'next big risk' over the next five to ten years.
Read more »