The 'biggest' risk to Asia’s economies isn’t over
The International Monetary Fund (IMF) has warned that the prolonged conflict in the Middle East and Central Asia poses the greatest risk to economies in the region, according to a report released on Thursday. The risk stems from the disruptions it has caused to energy production, shipping routes and critical infrastructure. The conflict is having an uneven economic impact across the region, with countries directly affected facing severe pressure, according to Jihad Azour, the IMF's director for the Middle East and Central Asia.
The outlook for the region will depend on how quickly energy production and trade normalise, as well as governments' ability to maintain macroeconomic stability, Azour said.
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