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Retaliatory tariffs could undermine Asia's growth: IMF

The Straits Times

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November 20, 2024

The International Monetary Fund (IMF) warned on Nov 19 that tit-for-tat tariffs could undermine Asia's economic prospects, raise costs and disrupt supply chains, even as it expects the region to remain a key engine of growth for the global economy.

"The tit-for-tat retaliatory tariffs threaten to disrupt growth prospects across the region, leading to longer and less efficient supply chains," IMF Asia-Pacific director Krishna Srinivasan said at a forum in Cebu on systemic risk.

MÁS HISTORIAS DE The Straits Times

The Straits Times

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The Straits Times

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The Straits Times

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Growing unease in Asia-Pacific over US strike on Venezuela

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The Straits Times

Boating • Bring down CIQ costs for pleasure craft owners in Singapore

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time to read

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The Straits Times

The Straits Times

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time to read

3 mins

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The Straits Times

The Straits Times

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time to read

4 mins

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