Krishna Srinivasan is director of the Asia and Pacific department of the International Monetary Fund.
The outlook for both the world economy and for Asia's is improving, as growth has proven surprisingly resilient and inflation continues to decline.
Policymakers should seize chance for fiscal consolidation

A vegetable vendor at a wet market in Beijing: In China, inflation was only 0.3% in 2023, mostly due to lower food and energy prices, but also because of subdued core inflation. © Reuters
Krishna Srinivasan is director of the Asia and Pacific department of the International Monetary Fund.
The outlook for both the world economy and for Asia's is improving, as growth has proven surprisingly resilient and inflation continues to decline.