Confucius: the man who broke the mountain was the same man who started ...
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Asian slowdown inevitable: IMF
The Asian region, given its outward orientation and its dependence on trade, will experience a very significant economic slowdown in 2019 and 2020, as trade tensions are taking a toll on manufacturing, investment and trade, an official from the International Monetary Fund says. In a recent interview with Xinhua, IMF Deputy Director of the Asia Pacific Department Jonathan Ostry said trade tensions are drivers for a synchronized global slowdown, and in the case of Asia, the situation is similar. “Given how open the Asian region is, how dependent on trade and investment and manufacturing and so forth, it is completely ... (full story)