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

Jan 31, 2014
SAUL LOEB via 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.

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