IMF's first deputy managing director talks Asia-Pacific growth and U.S. averting a banking crisis
CGTN, 10 May 2023
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According to the latest "Regional Economic Outlook" issued by the International Monetary Fund (IMF), the Asia-Pacific region will be a relatively bright spot against a backdrop of a difficult global economic recovery. The IMF said the Asia-Pacific is the most dynamic region in the world, with strong resilience. Economic growth in the Asia-Pacific is expected to accelerate from 3.8 percent in 2022 to 4.6 percent in 2023. Meanwhile, the U.S. is containing another bank failure as it tackles inflation. What are the economic prospects for the Asia-Pacific region? And what does slowing economic growth in the U.S. and Europe mean for the economies of China and the Asia-Pacific? We hear from Gita Gopinath, first deputy managing director of the IMF, for answers.
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