Mumbai, Oct. 31 -- Kristalina Georgieva, Managing Director of International Monetary Fund (IMF) has offered an insight into IMF's latest global economic outlook with Asia-Pacific economic co-operation or APEC region, whose economies together represent about 61 percent of global GDP. She highlighted the resilience of these nations and stated that decades of hard work have resulted in good policy frameworks such as inflation targeting and fiscal rules. Firms across APEC and beyond have quickly adjusted to shocks, with trade and investment frontloading, supply-chain strengthening, and compressed profit margins.
As a result, despite the policy shifts and transformations in geopolitics, trade, technology, and demography, growth has held up so f...