{
  "title": "Regional Economic Outlook: Asia and Pacific, November 2008",
  "publication": "Asia and Pacific, November 24, 2008",
  "sourceUrl": "https://www.imf.org/en/publications/reo/apac/issues/2017/01/07/regional-economic-outlook-asia-and-pacific",
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  "summary": "Publication date: November 2008.",
  "sections": [
    {
      "heading": "Overview: Outlook and key risks",
      "content": "- Publication date: November 2008.\n- Core finding: Growth is slowing in the region as the global financial crisis increasingly affects Asia and the Pacific.\n- Press assessment: \"IMF Sees Substantial Slowdown in Asia amid Global Turmoil, Urges Decisive Policy Actions.\"\n- Main implication: Macroeconomic and financial policies will need to be proactive to address the deteriorating external environment and contain transmission of the global shock.\n- Access note: View the full text (958 kb PDF file)."
    },
    {
      "heading": "Inflation: globalization, import pass-through, and policy implications",
      "content": "- Finding: Inflation in Asia is increasingly imported and volatile.\n- Policy question raised: The growing role of imported inflation and increased volatility raises important questions about monetary policy frameworks in the future.\n- 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."
    },
    {
      "heading": "Demographics: aging, capital flows, and financial markets",
      "content": "- Long-term concern: Rapid aging expected in the region may affect capital flows and financial markets in the years to come.\n- 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.\n- Policy implication: Demographic change warrants consideration of potential impacts on current account positions, asset prices, returns, and financial structures."
    },
    {
      "heading": "Policy challenges and recommendations",
      "content": "- Immediate challenge: Safeguarding macro and financial stability amid a deepening global financial crisis and slowing growth.\n- 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.\n- 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."
    },
    {
      "heading": "Report structure and analytic components (selected)",
      "content": "- 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.\n- 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.\n\nRegional Economic Outlook: Asia and Pacific, November 2008 — International Monetary Fund\n\n---\n\n Content in this bundle\n\n- 2008年11月亚太区经济展望 - 概要\n  - 2008年11月亚太区经济展望 - 概要 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 2008年11月亚太区经济展望 - 概要 (PDF){rel=\"external\" type=\"application/pdf\"}\n- 2008年11月亚太区经济展望 - 概要\n  - 2008年11月亚太区经济展望 - 概要 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 2008年11月亚太区经济展望 - 概要 (PDF){rel=\"external\" type=\"application/pdf\"}\n- アジア太平洋地域経済見通し 2008 年11 月: 要旨\n  - アジア太平洋地域経済見通し 2008 年11 月: 要旨 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - アジア太平洋地域経済見通し 2008 年11 月: 要旨 (PDF){rel=\"external\" type=\"application/pdf\"}\n- アジア太平洋地域経済見通し 2008 年11 月: 要旨\n  - アジア太平洋地域経済見通し 2008 年11 月: 要旨 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - アジア太平洋地域経済見通し 2008 年11 月: 要旨 (PDF){rel=\"external\" type=\"application/pdf\"}\n- Regional Economic Outlook: Asia and Pacific; November 2008.\n  - Regional Economic Outlook: Asia and Pacific; November 2008. (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Regional Economic Outlook: Asia and Pacific; November 2008. (PDF){rel=\"external\" type=\"application/pdf\"}\n- Regional Economic Outlook: Asia and Pacific -- Executive Summary; November 2008.\n  - Regional Economic Outlook: Asia and Pacific -- Executive Summary; November 2008. (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Regional Economic Outlook: Asia and Pacific -- Executive Summary; November 2008. (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\n References\n\n- Watch a video about the Outlook\n- Press Release:\n- Regional Economic Outlooks\n- World Economic Outlook:\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- Ordering Information\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/publications/reo/apac/issues/2017/01/07/regional-economic-outlook-asia-and-pacific"
    }
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    "[Markdown version](/en/publications/reo/apac/issues/2017/01/07/regional-economic-outlook-asia-and-pacific/index.md)",
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    "[Bundle manifest](/en/publications/reo/apac/issues/2017/01/07/regional-economic-outlook-asia-and-pacific/bundle-manifest.json)",
    "Published: November 24, 2008",
    "Series: Asia and Pacific",
    "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).",
    "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.",
    "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.",
    "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.",
    "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.",
    "**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.**",
    "[Watch a video about the Outlook](https://www.imf.org/external/mmedia/view.asp?eventID=1331)",
    "[Press Release:](https://www.imf.org/external/np/sec/pr/2008/pr08298.htm)",
    "[Regional Economic Outlooks](https://www.imf.org/external/pubs/ft/reo/reorepts.aspx)",
    "[World Economic Outlook:](https://www.imf.org/external/pubs/ft/weo/2008/02/index.htm)",
    "[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)",
    "[Ordering Information](https://www.imf.org/external/pubs/cat/longres.cfm?sk=22031.0)"
  ],
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