Font Size 
Extra-fast economic recovery in India, China, Australia: IMF
Published on Thu, Oct 29, 2009 at 11:37, Updated on Thu, Oct 29, 2009 at 11:53 in 
Tags: 
Related Stories
Photogallery
 |  |
Seoul: The IMF said on Thursday the economies of India, China and Australia were recovering especially rapidly, suggesting it notices growing pressures for authorities there to tighten monetary policy ahead of others in the region.
"In a few special cases...the recovery is advancing so rapidly that output gaps are already starting to close and pressures are already emerging," the International Monetary Fund said in a regional economic outlook report, released in Seoul.
It called the three economies special cases, while adding a tightening of monetary policy seemed unnecessary elsewhere in the region in the near future.
It also advised Asian central banks not to raise interest rates only to calm asset price growth, saying lifting rates ahead of advanced economies could attract "carry trade-type" capital inflows and aggravate asset price pressures.
"For all these reasons, it would seem preferable, at least initially, to address incipient asset price pressures through targeted prudential measures rather than the blunt instrument of monetary policy," it said.
The Washington-based organisation did not specify economies facing particularly serious asset price pressures.
| Ads by Google |
| Related Ads: | |
Read Comment | Post Comment
I stand corrected, it is Iceland not Greenland, third sentence above is to be read as, \'Iceland is a case
Read Comment
We are masters of doing things fast,just see the self decelerations of Minister's,MP's and MLA's at the times of election,in
Read Comment
Let us not rest on these laurels. We have miles to go. Though we live in a global economy, we
Read Comment
yeah, india and china were never in recession but were always suffering from poverty and inequality.
Read Comment
IMF are the joke of the lecture/forecast circuit, they have had said there will be no recession only a slowdown.
Read Comment
Read more comment »