Regional Economic Outlook, April 2012, Asia and Pacific: Managing Spillovers and Advancing Economic Rebalancing
Asia and Pacific, April 27, 2012
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- Regional Economic Outlook, April 2012, Asia and Pacific: Managing Spillovers and Advancing Economic Rebalancing
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Bibliographic details
- Published: April 27, 2012
- Series: Asia and Pacific
- DOI: https://doi.org/10.5089/9781616352509.086
Growth projections and key statistics
- Growth in the Asia and the Pacific region is projected at 6 percent in 2012.
- Growth is projected to rise to about 6½ percent in 2013.
- Pages: 60
- Volume: 2012
- DOI: https://doi.org/10.5089/9781616352509.086
- Issue: 002
- Stock No: REOAPDEA2012001
- ISBN: 9781616352509
- ISSN: 2707-8086
Main findings on resilience and vulnerabilities
- Stronger economic and policy fundamentals have helped buffer the region's economies against the global financial crisis.
- These fundamentals have limited adverse financial market spillovers and ameliorated the impact of deleveraging by European banks.
- A sharp fall in exports to advanced economies would have a severe impact on the region.
- A reversal of foreign capital flows would have a severe impact on the region.
Policy challenges and recommendations
- Policymakers face the task of calibrating the amount of insurance needed to support stable, noninflationary growth.
- Some Asian and Pacific economies can afford to lengthen the pause in the normalization of their macroeconomic policies that was initiated when the global recovery stalled late in 2011.
- Other economies may need a faster return to more neutral policy stances.
- The pace of fiscal consolidation should be calibrated to country-specific circumstances.
Additional report coverage
- The report includes chapters discussing whether China is rebalancing.
- The report addresses the particular challenges facing Asian low-income and small island economies.
International Monetary Fund. Regional Economic Outlook, April 2012, Asia and Pacific: Managing Spillovers and Advancing Economic Rebalancing
References
- https://www.imf.org/en/publications/reo/apac
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