Regional Economic Outlook, May 2009, Asia and Pacific: Global Crisis: The Asian Context
Volume/Issue:
Volume 2009
Issue 004
Publication date: May 2009
ISBN: 9781589068407
$20.00
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Topics covered in this book
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Banks and Banking , Exports and Imports , Finance , Economics- Macroeconomics , Money and Monetary Policy , REO , recession , firm , Asia , economy , export recession , recession episode , output loss , default probability , financial crisis recession , recessions in Asia , investment model , Corporate sector , Credit , Exports , Fiscal stimulus , Distressed assets , Asia and Pacific , Global
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.
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