Posted 10/13/2023, 10:51:00 AM
IMF Cautions Weak China Recovery Could Dampen Asia's Economic Outlook
- China's weak recovery and risk of protracted property crisis could dent Asia's economic prospects, IMF warns
- Sharp adjustment in China's property sector to spill over to Asia, especially commodity exporters
- Prolonged real estate crisis in China would deepen regional economic slowdown
- Asia's growth forecast for 2023 cut to 4.2% from 4.4% projected in April
- Asia central banks should not rush to cut rates despite moderating inflation
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