Min Zhu, IMF Deputy Managing Director, Says Emerging Markets Are Stalling

IMF's Min Zhu: Emerging Markets Are Stalling
Min Zhu, Deputy Managing Director of the International Monetary Fund (IMF) discusses frontier economies during a seminar discussion on emerging markets at IMF Headquarters during the annual World Bank - International Monetary Fund (IMF) meetings in Washington, DC, October 9, 2013. AFP PHOTO / Saul LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images)
Min Zhu, Deputy Managing Director of the International Monetary Fund (IMF) discusses frontier economies during a seminar discussion on emerging markets at IMF Headquarters during the annual World Bank - International Monetary Fund (IMF) meetings in Washington, DC, October 9, 2013. AFP PHOTO / Saul LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images)

Min Zhu is the Deputy Managing Director of the IMF.

We had a big debate on emerging markets’ growth prospects at our Annual Meetings in October 2013. We lowered our 2013 growth forecast for emerging markets and developing economies by a whopping 0.5 percentage points compared to our earlier forecast. Some argued that we were too pessimistic. Others said that we should have stuck with the lower-growth scenario we had devised at the onset of the global financial crisis.

Popular in the Community

Close

What's Hot