IMF’s Shinohara sees three ‘brakes’ on global growth


Naoyuki Shinohara, deputy managing director of the International Monetary Fund, is concerned about three ‘brakes' – fiscal consolidation, bank deleveraging and foreclosures in the US – that could slow down the rate of global economic growth.

He told delegates attending the Asian Development Bank (ADB) annual meeting in Manila today (May 2) that "advanced economies all plan to consolidate their fiscal positions this year, by about 1% of GDP on average". He added that this would be higher in the e

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: