Regional Economic Outlook: Asia and Pacific (April 2008)

Business & Finance, Economics, International Economics, Macroeconomics, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book Regional Economic Outlook: Asia and Pacific (April 2008) by International Monetary Fund. Asia and Pacific Dept, INTERNATIONAL MONETARY FUND
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Author: International Monetary Fund. Asia and Pacific Dept ISBN: 9781451986525
Publisher: INTERNATIONAL MONETARY FUND Publication: April 12, 2008
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: International Monetary Fund. Asia and Pacific Dept
ISBN: 9781451986525
Publisher: INTERNATIONAL MONETARY FUND
Publication: April 12, 2008
Imprint: INTERNATIONAL MONETARY FUND
Language: English
2008 is shaping up as a challenging year for Asia. Activity in most economies remains fairly buoyant, but growth in the United States and, to a lesser extent, Europe is slowing sharply. Given its extensive trade and financial linkages with the rest of the world, Asia is unlikely to delink. At the same time, inflation pressures are picking up across much of the region. Moreover, the still-unfolding global financial crisis adds a dimension of uncertainty to the picture, and the balance of risks remains on the downside. However, most countries in the region are well-placed to undertake counter-cyclical policies should these prove necessary.
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2008 is shaping up as a challenging year for Asia. Activity in most economies remains fairly buoyant, but growth in the United States and, to a lesser extent, Europe is slowing sharply. Given its extensive trade and financial linkages with the rest of the world, Asia is unlikely to delink. At the same time, inflation pressures are picking up across much of the region. Moreover, the still-unfolding global financial crisis adds a dimension of uncertainty to the picture, and the balance of risks remains on the downside. However, most countries in the region are well-placed to undertake counter-cyclical policies should these prove necessary.

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