davidbdc

For Asia to achieve a robust recovery in a soft-export new world, it will have to tackle two issues, IMF says on its blog: 1) Firms that hoard cash but don't invest. 2) Wealthy households that won't consume.

I don't see how wealthy families that won't consume is a problem. In general it is a good thing that people individual save and invest. The USA could use more saving and less consumption. I can understand why the rest of the world isn't eager to push their citizens to emulate Americans when it comes to personal finance.