Carstens says EMs should look inwards to engineer growth

Bank of Mexico governor Augustin Carstens

Emerging markets will need to look inwards for growth opportunities in the years ahead, as advanced economies will continue to grow below potential for a "relatively long period of time", Bank of Mexico governor Augustin Carstens said yesterday in Washington, DC.

"Even if the US [economy] is doing much better... emerging markets must find new ways to engineer growth, probably internally," Carstens said during a panel discussion at the International Monetary Fund's (IMF) joint annual meetings

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