IMF Revises Growth Projections for Asia Amidst Trade Tensions
The International Monetary Fund has updated its growth forecasts for major Asian economies, including China and India, due to the rise in U.S. tariffs. IMF’s Director of the Asia and Pacific Department, Krishna Srinivasan, warns about the significant downside risks that lie ahead. As tariffs alter market dynamics, Asian countries need to implement strategies that foster resilience. The IMF’s report highlights the need for proactive measures to navigate potential challenges and sustain economic growth across the region.