Gaining Currency: The Rise of the Renminbi

2019-03-25T10:42:30-04:00August 4, 2017|

By IMFBlog

August 4, 2017

Eswar Prasad at an IMF conference (photo: Staff/IMF)

 
As China’s economy catches up in size with that of the United States, some economists predict that the renminbi will soon challenge the dollar’s dominance in international finance.

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Asia’s Economy to Grow by 50% in Five Years

2017-04-15T14:36:54-04:00June 15, 2010|

The new issue of the IMF’s Finance & Development magazine explores how the region is moving into a leadership role in the world economy. Anoop Singh, Director of the IMF’s Asia and Pacific Department, says that, based on expected trends, within five years Asia’s economy will be about 50 percent larger than it is today and be comparable in size to the economies of the United States and Europe.
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