• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

IMF Downgrade Asia’s Growth Outlook, Cautions of Supply Chain Risks

October 19, 2021 by Forex Winner Leave a Comment

IMF Downgrade Asia’s Growth Outlook, Cautions of Supply Chain Risks

Source: Reuters

The International Monetary Fund cut this year’s economic growth projections for Asia and cautioned that new cases of COVID-19 infections and supply chain constraints pose a downside risk to the forecast. CSI 300 Index up +0.98%, Nikkei 225 up +0.65%

  • China’s economy will expand by 8.0% this year and 5.6% in 2022, but the economic recovery remains “unbalanced” as repeated COVID-19 outbreaks and fiscal tightening hampers consumption.
  • The IMF stated that any “untimely policy normalization or misconstrued policy communications” by the U.S. Federal Reserve could lead to significant capital outflow and increased borrowing costs for Asian emerging economies.
  • In its latest regional outlook report, the IMF downgraded this year’s economic growth forecast for Asia to 6.5%, down 1.1% from its forecast made in April. The increase in Delta variant cases hurt consumption and factory output.
  • Meanwhile, the IMF upgraded its Asia growth forecast for 2022 to 5.7% from a 5.3% projection in April, signaling progress in vaccinations. 

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

How to Predict Forex Movement?

November 30, 2022

The Red Dog Reversal: A Strategy for Day or Swing Trading

November 9, 2022

Tron DAO to Pull Out Additional 3 Billion TRX

Tron DAO to Pull Out Additional 3 Billion TRX

June 16, 2022

Footer

Forex Broker Reviews

exness

Exness Review

September 10, 2019 By Forex Winner

simplefx

SimpleFX Review

December 19, 2019 By Forex Winner

ZacksTrade

ZacksTrade Review

May 22, 2019 By Forex Winner

Forex Robot Reviews

Tradescoop Review

May 2, 2023 By Forex Winner

Profit Lab EA Review

Profit Lab EA Review

June 28, 2022 By Forex Winner

GoodMorning EA

GoodMorning EA Review

June 23, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2023 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure