Buckle up for turbulence ahead: World Bank, IIF
Emerging and "frontier" market economies urged to prepare for bumpy ride with monetary tightening cycle
Tokyo
EMERGING and "frontier" market economies in Asia and elsewhere need to "buckle their seatbelts in case the ride gets bumpy" during the upcoming monetary tightening cycle, the World Bank said on the eve of a critical meeting of the US Federal Reserve.
The report warned of the danger of a possible "perfect storm" hitting these markets, echoing a recent similar warning from the Institute of International Finance (IIF) in Washington.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons