Regional Economic Outlook: Asia and Pacific, November 2008
Asia and Pacific, November 24, 2008
Source details
- Canonical URL
- Regional Economic Outlook: Asia and Pacific, November 2008
Other formats
Bibliographic details
- Published: November 24, 2008
- Series: Asia and Pacific
Overview: Outlook and key risks
- Publication date: November 2008.
- Core finding: Growth is slowing in the region as the global financial crisis increasingly affects Asia and the Pacific.
- Press assessment: "IMF Sees Substantial Slowdown in Asia amid Global Turmoil, Urges Decisive Policy Actions."
- Main implication: Macroeconomic and financial policies will need to be proactive to address the deteriorating external environment and contain transmission of the global shock.
- Access note: View the full text (958 kb PDF file).
Inflation: globalization, import pass-through, and policy implications
- Finding: Inflation in Asia is increasingly imported and volatile.
- Policy question raised: The growing role of imported inflation and increased volatility raises important questions about monetary policy frameworks in the future.
- Analytical emphasis: The report examines Asia's changing inflation landscape, the role of the commodities boom, and policy considerations for responding to imported and volatile inflation dynamics.
Demographics: aging, capital flows, and financial markets
- Long-term concern: Rapid aging expected in the region may affect capital flows and financial markets in the years to come.
- Analytical focus: The report analyzes demographic trends and patterns, mechanisms through which demographics affect capital flows and financial markets, and empirical findings on these linkages.
- Policy implication: Demographic change warrants consideration of potential impacts on current account positions, asset prices, returns, and financial structures.
Policy challenges and recommendations
- Immediate challenge: Safeguarding macro and financial stability amid a deepening global financial crisis and slowing growth.
- Policy stance: Macroeconomic and financial policies should be proactive—aimed at mitigating the growth slowdown, addressing financial stress, and responding to inflation dynamics that are increasingly driven by external factors.
- Longer-term considerations: Reform and policy adjustments may be needed to respond to aging-related shifts in capital flows and to adapt monetary frameworks to higher import-driven inflation volatility.
Report structure and analytic components (selected)
- Three main chapters: Overview of the regional outlook; globalization of Asian inflation; the graying of Asia and its implications for capital flows and financial markets.
- Supporting analysis includes: boxes on basis spreads, the impact of high food and fuel prices, measuring underlying inflation trends, and public pension funds; tables on reserves, intervention measures, growth and inflation indicators; and numerous figures tracking spreads, commodity prices, growth forecasts, and demographic projections.
Regional Economic Outlook: Asia and Pacific, November 2008 — International Monetary Fund
Content in this bundle
- 2008年11月亚太区经济展望 - 概要
- 2008年11月亚太区经济展望 - 概要
- アジア太平洋地域経済見通し 2008 年11 月: 要旨
- アジア太平洋地域経済見通し 2008 年11 月: 要旨
- Regional Economic Outlook: Asia and Pacific; November 2008.
- Regional Economic Outlook: Asia and Pacific -- Executive Summary; November 2008.