Katie Holliday is a Writer with CNBC.com, covering a range of topics including global macro-economic news, market developments and corporate news. Before joining CNBC, Katie was a senior asset management correspondent at Investment Week in London. Katie holds a Bachelor's degree in English Literature from Southampton University.
Japan's upcoming consumption tax hike will hurt growth, but it's a necessary sacrifice, said Jerry Schiff, mission chief for Japan at the International Monetary Fund.
Recent bearishness surrounding China's growth is just another "false alarm" and investors are focusing on the wrong data points to assess the economy's outlook.