IMF warns of risks to Asia’s economy as trade tensions, soft China growth bite

Risks to Asia’s economy have increased with escalating trade tensions, China’s property sector woes and the potential for further market turbulence clouding the outlook, the International Monetary Fund (IMF) 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. “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.Read More