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IMF warns trade friction to hurt Asian growth, suggests counter measures

'Today's growth headwinds, from financial market tightening to trade tensions, could persist for some time'

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 US Federal Reserve and other major central banks tightened monetary policy more quickly than expected. "Turmoil already seen in some emerging market economies could worsen, with negative spillovers ...

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First Published: Fri, October 12 2018. 10:27 IST