{
  "title": "Asia and Pacific Regional Economic Outlook Update, October 2012",
  "publication": "Asia and Pacific, October 12, 2012",
  "sourceUrl": "https://www.imf.org/en/publications/reo/apac/issues/2017/01/07/asia-and-pacific-regional-economic-outlookupdate",
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  "summary": "Growth in the Asia-Pacific region has slowed.",
  "sections": [
    {
      "heading": "Regional growth and near-term outlook",
      "content": "- Growth in the Asia-Pacific region has slowed.\n- For Asia as a whole, GDP growth fell to its lowest rate since the 2008 global financial crisis during the first half of 2012.\n- Going forward, growth is projected to pick up very gradually.\n- Asia should remain the global growth leader, expanding over 2 percentage points faster than the world average next year.\n- Considerable downside risks remain, in particular with regard to the euro area crisis."
    },
    {
      "heading": "Drivers of the slowdown",
      "content": "- External headwinds played a major role, as the recovery in advanced economies suffered setbacks.\n- Weaker momentum in China and India also weighed on regional economies."
    },
    {
      "heading": "Inflation, monetary policy, and financial conditions",
      "content": "- Inflationary pressures eased.\n- Macroeconomic policy stances remained generally supportive of domestic demand and in some cases were eased further in response to the slowdown.\n- Financial conditions remain accommodative, and capital inflows have resumed."
    },
    {
      "heading": "Policy priorities and recommendations",
      "content": "- Support noninflationary growth.\n- Maintain financial stability.\n- Remain responsive to weaker-than-expected outcomes.\n- Refocus structural and fiscal reform efforts toward sustained and more inclusive growth.\n\nAsia and Pacific Regional Economic Outlook Update, October 2012\n\n---\n\n Content in this bundle\n\n- 亚洲及太平洋地区经济展望2012 年10 月更新, 2012 年10 月12 日\n  - 亚洲及太平洋地区经济展望2012 年10 月更新, 2012 年10 月12 日 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 亚洲及太平洋地区经济展望2012 年10 月更新, 2012 年10 月12 日 (PDF){rel=\"external\" type=\"application/pdf\"}\n- アジア太平洋地域経済見通し––2012年10月\n  - アジア太平洋地域経済見通し––2012年10月 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - アジア太平洋地域経済見通し––2012年10月 (PDF){rel=\"external\" type=\"application/pdf\"}\n- Triển vọng kinh tế khu vực Châu Á và Thái Bình Dương- Cập nhật vào tháng 10/2012\n  - Triển vọng kinh tế khu vực Châu Á và Thái Bình Dương- Cập nhật vào tháng 10/2012 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Triển vọng kinh tế khu vực Châu Á và Thái Bình Dương- Cập nhật vào tháng 10/2012 (PDF){rel=\"external\" type=\"application/pdf\"}\n- Asia and Pacific Regional Economic Outlook––October 2012 Update\n  - Asia and Pacific Regional Economic Outlook––October 2012 Update (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Asia and Pacific Regional Economic Outlook––October 2012 Update (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\n References\n\n- Asia and Pacific: Regional Economic Outlooks Archive\n- Regional Economic Outlooks\n- IMF Regional Reports\n- World Economic Outlook Archive\n- Sign up to receive free e-mail notices when new series and/or country items are posted on the IMF website.\n- Modify your profile\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/publications/reo/apac/issues/2017/01/07/asia-and-pacific-regional-economic-outlookupdate"
    }
  ],
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    "Published: October 12, 2012",
    "Series: Asia and Pacific",
    "Growth in the Asia-Pacific region has slowed.",
    "For Asia as a whole, GDP growth fell to its lowest rate since the 2008 global financial crisis during the first half of 2012.",
    "Going forward, growth is projected to pick up very gradually.",
    "Asia should remain the global growth leader, expanding over 2 percentage points faster than the world average next year.",
    "Considerable downside risks remain, in particular with regard to the euro area crisis.",
    "External headwinds played a major role, as the recovery in advanced economies suffered setbacks.",
    "Weaker momentum in China and India also weighed on regional economies.",
    "Inflationary pressures eased.",
    "Macroeconomic policy stances remained generally supportive of domestic demand and in some cases were eased further in response to the slowdown.",
    "Financial conditions remain accommodative, and capital inflows have resumed.",
    "Support noninflationary growth.",
    "Maintain financial stability.",
    "Remain responsive to weaker-than-expected outcomes.",
    "Refocus structural and fiscal reform efforts toward sustained and more inclusive growth.",
    "**亚洲及太平洋地区经济展望2012 年10 月更新, 2012 年10 月12 日**",
    "**アジア太平洋地域経済見通し––2012年10月**",
    "**Triển vọng kinh tế khu vực Châu Á và Thái Bình Dương- Cập nhật vào tháng 10/2012**",
    "**Asia and Pacific Regional Economic Outlook––October 2012 Update**",
    "[Asia and Pacific: Regional Economic Outlooks Archive](http://www.imf.org/external/pubs/ft/reo/reorepts.aspx?ddlRegions=4&ddlYear=-1)",
    "[Regional Economic Outlooks](https://www.imf.org/external/pubs/ft/reo/reorepts.aspx)",
    "[IMF Regional Reports](https://www.imf.org/external/pubs/cat/region.asp)",
    "[World Economic Outlook Archive](https://www.imf.org/external/ns/cs.aspx?id=29)",
    "[Sign up to receive free e-mail notices when new series and/or country items are posted on the IMF website.](https://www.imf.org/en/email-subscription/index)",
    "[Modify your profile](https://www.imf.org/en/email-subscription/login)"
  ],
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