Page 5 - Jonathan Ostry News Today : Breaking News, Live Updates & Top Stories | Vimarsana

IMF offers rosier view on Asia, warns of Fed fallout on markets The International Monetary Fund offered a more upbeat view on Tuesday on Asia’s economic outlook than six months ago, but warned a faster-than-expected rise in U.S. interest rates could disrupt markets by triggering capital outflows from the region. While Asia is rebounding from last year’s slump caused by the COVID-19 pandemic, there is a divergence between nations benefitting from surging global demand and those reliant on tourism, said Jonathan Ostry, deputy director of the IMF’s Asia and Pacific Department. “Setbacks ...

The IMF expects the five largest developing economies in Southeast Asia to collectively grow by 4.9% in 2021, down from its previous projection of 5.2%. Those five economies are Indonesia, Malaysia, the Philippines, Thailand and Vietnam. Jonathan Ostry, IMF's deputy director of the Asia and Pacific department, said on Wednesday that an increase in Covid cases and renewed lockdowns are dampening the economic prospects of some Southeast Asian countries. "We are concerned both about the outlook for tourism, when those markets will reopen, and the additional lockdowns and continued measures that ...

The International Monetary Fund offered a more upbeat view on Tuesday on Asia's economic outlook than six months ago, but warned a faster-than-expected rise in US interest rates could disrupt markets by triggering capital outflows from the region. While Asia is rebounding from last year's slump caused by the Covid-19 pandemic, there is a divergence between nations benefiting from surging global demand and those reliant on tourism, said Jonathan Ostry, deputy director of the IMF's Asia and Pacific Department. “Setbacks in the vaccine rollout, questions about the potency of the vaccine agains...

Page Not Found | ZAWYA MENA Edition

TOKYO: The International Monetary Fund offered a more upbeat view on Tuesday on Asia's economic outlook than six months ago, but warned a faster-than-expected rise in US interest rates could disrupt markets by triggering capital outflows from the region. While Asia is rebounding from last year's slump caused by the COVID-19 pandemic, there is a divergence between nations benefitting from surging global demand and those reliant on tourism, said Jonathan Ostry, deputy director of the IMF's Asia and Pacific Department. "Setbacks in the vaccine rollout, questions about the potency of the vaccine ...