Asia risks overheating, 'devastating' food inflation: IMF

Asia faces the risk of overheating and "devastating" food inflation, IMF chief Dominique Strauss-Kahn warned today.

Asia faces the risk of overheating and "devastating" food inflation, IMF chief Dominique Strauss-Kahn warned on Tuesday.

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"There are risks of overheating and even a hard landing," Strauss-Kahn said in a public lecture in Singapore, referring to challenges the region faced.

"Food prices are rising too... with potentially devastating consequences for low income countries."