Regional Economic Outlook: Asia and Pacific, April 2008
Asia and Pacific, April 11, 2008
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Bibliographic details
- Published: April 11, 2008
- Series: Asia and Pacific
Executive summary
- 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.
- Inflation pressures are picking up across much of the region.
- The still-unfolding global financial crisis adds a dimension of uncertainty to the picture, and the balance of risks remains on the downside.
- Most countries in the region are well-placed to undertake counter-cyclical policies should these prove necessary.
Outlook and risks
- Slowing growth in the United States and Europe is transmitted to Asia through trade and financial linkages.
- Inflationary pressures across the region could complicate policy responses.
- The global financial crisis increases uncertainty; downside risks predominate.
Policy implications
- Policymakers in Asia should be prepared to deploy counter-cyclical policies if adverse spillovers materialize.
- Balancing the trade-offs between containing inflation and supporting growth will be central to policy choices in 2008.
Regional Economic Outlook: Asia and Pacific, April 2008 — International Monetary Fund
Content in this bundle
- Regional Economic Outlook: Asia and Pacific, April 2008
- Regional Economic Outlook: Asia and Pacific, April 2008
- Regional Economic Outlook: Asia and Pacific, April 2008
- 2008年4月亚太区经济展望 - 概要
- アジア太平洋地域経済見通し（REO), 2008 年 4 月: 要旨
References
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