IMF warns trade friction, market turmoil to hurt Asian growthStaff Writer | October 12, 2018
Sustained trade tensions could slash Asia's economic growth by up to 0.9 percentage point in coming years, the International Monetary Fund said, urging policymakers in the region to liberalise markets to offset the fall in export sales.
Asia The IMF maintained its forecast that Asia's economy will expand by 5.6 perc
"A sudden deterioration of risk appetite, rising trade tensions, and political and policy uncertainty could also lead to tighter financial conditions," the report said.
The IMF maintained its forecast that Asia's economy will expand by 5.6 percent this year but cut its projection for next year to 5.4 percent, down by 0.2 point from April. ■