THE WORLDPOST
01/31/2014 10:49 am ET

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

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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