The IMF’s Regional Economic Outlook:
- Growth set to pick up gradually this year
- Asset price risks are building in Asia from credit growth
- Inflation in Asia likely to stay within comfort zone
- Lowers 2013 Asia-Pacific growth forecast to 5.7% for 5.9%
- China remains vulnerable to growth slowdown
The IMF’s views on China are AUD negative. AUD has had a tight range today, but has skewed to the topside on pre-FOMC bids.
