Asia more exposed to US trade shocks than others, says IMF’s Krishna Srinivasan

New Delhi: Asia’s deepening integration into global trade networks has left the region especially vulnerable to recent trade policy shocks, particularly from the US-led reciprocal tariffs, Krishna Srinivasan, director of the Asia-Pacific department at the International Monetary Fund said on Thursday.

Speaking at a press briefing on the economic outlook for Asia and the Pacific on the sidelines of the IMF/World Bank Spring Meetings in Washington, Srinivasan noted that Asia was significantly more exposed and faced a greater potential shock than other regions. “Uncertainty has also increased materially, further worsening the near-term outlook for the region,” he added.