Since the 2008 global financial crisis, the IMF has had few opportunities to not be tentative, so this set of numbers is welcomed. For this year, the IMF sees that better growth prospects will be contributed roughly equally by advanced and emerging and developing economies. In Asia, the Fund is not fired up about China’s growth prospects given efforts to curb credit growth and manage financial risks. Despite above five per cent economic growth rates, fragile economic conditions remain and policy shocks are possible. These can derail growth prospects in a blink of an eye.

Source: New Strait Times August 01, 2017 02:03 UTC