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IMF warns trade friction, market turmoil to hurt Asian growth


  • Economy
  • Friday, 12 Oct 2018

Shipping containers are seen at a port in Lianyungang, Jiangsu province, China September 8, 2018. REUTERS

Shipping containers are seen at a port in Lianyungang, Jiangsu province, China September 8, 2018. REUTERS

NUSA DUA, Indonesia: 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.

The IMF also warned in its twice-yearly report on the Asia Pacific region that the market rout seen in emerging economies could worsen if the U.S. Federal Reserve and other major central banks tightened monetary policy more quickly than expected.

Economy

   

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