Asia and Pacific Regional Economic Outlook Update, October 2015: Asia: Bolstering Resilience amid the Slowdown
Asia and Pacific, October 9, 2015
Source details
- Canonical URL
- Asia and Pacific Regional Economic Outlook Update, October 2015: Asia: Bolstering Resilience amid the Slowdown
Other formats
Bibliographic details
- Published: October 9, 2015
- Series: Asia and Pacific
Overview
- Asia’s growth has recently disappointed, but the region is expected to grow at a steady 5.4 percent in 2015–16, remaining the global growth leader.
- Growth drivers cited:
- Relatively strong labor markets and disposable income growth.
- Ongoing gradual recovery in major advanced economies.
- Lower commodity prices supporting consumption across most major Asian economies.
- Despite resilience, the region faces a challenging economic environment.
Downside Risks and Amplifiers
- Negative risks to growth dominate, including:
- The possibility of a sharper slowdown in China.
- Larger spillovers from the changing composition of China’s demand.
- Further U.S. dollar strength accompanied by a sudden tightening of global financial conditions.
- Weaker growth in Japan.
- Weaker regional potential growth.
- Other amplifying factors:
- High leverage could amplify shocks.
- Lower commodity prices will also hurt corporate investment in key commodity-producing sectors.
Policy Implications and Recommendations
- Carefully calibrated macroeconomic policies are called for to bolster resilience amid the slowdown.
- A renewed impetus on structural reforms is recommended to:
- Facilitate investment.
- Improve economic efficiency.
- Bolster economic resilience and potential growth.
Key Statistics and Exact Phrasing Preserved
- Expected regional growth: "a steady 5.4 percent in 2015–16"
- Exact policy prescription language retained: "carefully calibrated macroeconomic policies and a renewed impetus on structural reforms to facilitate investment and improve economic efficiency, bolstering economic resilience and potential growth."
Asia and Pacific Regional Economic Outlook Update, October 2015
Content in this bundle
- Asia Bisa Mengambil Langkah-langkah untuk Meningkatkan Ketahanan Ditengah-tengah Penurunan Ekonomi
- _areo1015pdf