Economics
Asia Should Favor Stability Over Growth as Risks Rise, AMRO Says
- Asean+3 regional body sees China growth easing to 6.3% in 2018
- Expansion in Southeast Asian economies likely to accelerate
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Asian policy makers need to prioritize stability over boosting economic growth in the face of global trade risks and a tightening of financial conditions, a regional body said.
With low interest rates fueling a debt build-up across many countries, authorities should consider targeted macroprudential measures to complement monetary policy, the Asean +3 Macroeconomic Research Office, known as AMRO, said in its inaugural economic outlook report on Thursday.