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

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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Author:
International Monetary Fund. Asia and Pacific Dept
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Series:
Regional Economic Outlook
Publisher:
International Monetary Fund
Language:
English
Publication Date:
05 May 2009
DOI:
https://doi.org/10.5089/9781589068407.086
ISBN:
9781589068407
ISSN:
2071-4149
Pages:
96
Keywords:
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
Legal-disclaimer:
Projections and policy considerations are those of the IMF staff and do not necessarily represent the views of the IMF, its Executive Board, or IMF Management.
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