IMF Says China, Malaysia, Thailand Currencies Undervalued

IMF Says China, Malaysia, Thailand Currencies Undervalued – nasdaq.com, October 8, 2012
… The current accounts of many Asian nations, including China, Malaysia, Singapore, South Korea and Thailand, are stronger and the currencies weaker than they would be with a more desirable set of policies, the IMF said, adding that several of them have very large official reserves or internal distortions that curb consumption.
While inflation rates in emerging Asia have been low or falling, in China and India credit has expanded rapidly, and in Indonesia and to some extent Malaysia, credit growth is still quick, with property prices also booming in some of those markets. In addition, China, Malaysia and Thailand’s currencies are undervalued relative to the countries’ medium- term fundamentals, the IMF said…

This entry was posted in Economy. Bookmark the permalink.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.