IMF director for Asia and Pacific, Anoop Singh, sees room for policy change and is positive about domestic consumption, but says collective action on growth drivers in the region is needed.
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Kirby Daley, strategist at Newedge, connects the dots between a loss of confidence in Europe and the likelihood of a flight to quality that sucks liquidity out of Asia.
Squillions? Gazillions? The new numbers being tossed around are beyond visualisation, but passing on debt is just a conjuring trick, argues macro investor Geoffrey Barker.
The International Monetary Fund expects growth in Asia to slow from 7.6% in 2007 to 6% this year to 4.9% in 2009.
A preliminary agreement has been reached on Generally Accepted Principles and Practices for Sovereign Wealth Funds, pending approval from the various governments.
Managing director Dominique Strauss-Kahn says further moves to curb capital inflows could undermine confidence in the economy.