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IMF Warns Asia of New Economic Bubbles & UN Alerts of Double Dip If Exit Strategy is Too Early

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저작물명
IMF Warns Asia of New Economic Bubbles & UN Alerts of Double Dip If Exit Strategy is Too Early
저작(권)자
저작자 미상 (저작물 2267374 건)
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KOGL 출처표시, 상업적, 비상업적 이용가능, 변형 등 2차적 저작물 작성 가능(새창열림)
공표년도
창작년도
2010-01-21
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영상
요약정보
Asia is set to step up its presence in the global economy during this "crucial" year of recovery with dynamic markets and an export-oriented economic system.
This is according to the International Monetary Fund's managing director Dominique Strauss-Kahn who said on Wednesday at a financial forum in Hong Kong that Asia is leading the world in the economic recovery from the global recession.
[Interview : Dominique Strauss-Kahn‚
Managing Director of IMF] "Being most important topic of this morning which is Asia's role in the new economic order the transformation has been huge and the share of Asia in the global economy has raised a lot."
Strauss-Kahn added that global economic growth will likely exceed the IMF's projected rate of 3.1 percent in 2010 and that Asian economic growth excluding Japan will reach about 7 percent this year.
However he says the continent must implement better forms of capital control along with other measures in order to prevent the creation of economic bubbles especially as huge amounts of speculative money flood into the region.
Meanwhile the U.N.'s economic experts are issuing warnings saying the recovery is uneven and conditions for sustained growth remain fragile.
A 176-page report on economic prospects for 2010 says the sustained economic revival can largely be attributed to massive stimulus measures including expansionary monetary policies which have poured huge amounts of money into the world economy since late 2008.
The report stresses that a premature exit from stimulus measures could cause a double-dip recession.
Yang Ji-woo‚ Arirang News.
Reporter : jwyang@arirangtv.com
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https://www.kf.or.kr
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