Regional Economic Outlook, May 2009, Asia and Pacific: Global Crisis: The Asian Context

May 5, 2009

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Format: Chicago

Regional Economic Outlook, May 2009, Asia and Pacific: Global Crisis: The Asian Context, (USA: International Monetary Fund, 2009) accessed November 21, 2024

Summary

Asia has been hard hit by the global financial crisis. Despite strong fundamentals, its pervasive linkages to the rest of the world have exposed it to the collapse of demand and credit in advanced countries. Exports and industrial production have fallen sharply, capital has started to flow out of the region, and leading indicators suggest further weakness ahead. Against this background, the May 2009 APD REO will discuss the latest developments in Asia, examine the prospects for the period ahead, and consider the policy steps needed to revive economic activity and restore corporate and financial sector health.

Subject: Banking, Corporate sector, Credit, Distressed assets, Economic sectors, Exports, Financial sector policy and analysis, Fiscal policy, Fiscal stimulus, International trade, Money

Keywords: Asia, Asia and Pacific, Corporate sector, Credit, Default probability, Distressed assets, Economy, Export recession, Exports, Financial crisis recession, Firm, Fiscal stimulus, Global, Investment model, Output loss, Recession, Recession episode, Recessions in Asia, REO

Publication Details

Pages:

96
Volume:

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DOI:

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Issue:

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Series:

Asia and Pacific
Stock No:

REOAPDEA2009001
ISBN:

9781589068407
ISSN:

2071-4149

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