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Asia could be in for financial crisis or crash landing, officials warn

Problems brought by credit-fuelled growth may be bigger threat to region than US tightening
Saturday, December 6, 2014 - 05:50
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Credit-Fuelled growth could end up producing financial crises in some Asian economies, a senior IMF official warned on Friday, while suggesting that this could be a greater threat to the region than any potential turbulence brought by monetary tightening in the US.

Tokyo

CREDIT-FUELLED growth could end up producing financial crises in some Asian economies, a senior IMF official warned on Friday, while suggesting that this could be a greater threat to the region than any potential turbulence brought by monetary tightening in the US.

Changyong