Regional economic outlook : Asia and Pacific : managing spillovers and advancing economic rebalancing.

Barring the realization of downside risks to the global economy, growth in the Asia and the Pacific region is expected to gain momentum over the course of 2012, according to this report, and now projected at 6 percent in 2012, rising to about 6 1/2 percent in 2013. Stronger economic and policy funda...

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Online Access:Electronic book from EBSCO
Format: eBook
Language:English
Published:Washington, D.C. : International Monetary Fund, 2012.
Series:World economic and financial surveys.
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Summary:Barring the realization of downside risks to the global economy, growth in the Asia and the Pacific region is expected to gain momentum over the course of 2012, according to this report, and now projected at 6 percent in 2012, rising to about 6 1/2 percent in 2013. Stronger economic and policy fundamentals have helped buffer the region's economies against the global financial crisis, by limiting adverse financial market spillovers and ameliorating the impact of deleveraging by European banks, but a sharp fall in exports to advanced economies and a reversal of foreign capital flows would have a severe impact on the region. The region's policymakers now face the difficult 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; others may need a faster return to more neutral policy stances. Similarly, the pace of fiscal consolidation should be calibrated to country-specific circumstances. Additional chapters in the report discuss whether China is rebalancing and the particular challenges facing Asian low-income and small island economies.
Item Description:"Apr. 12."
Physical Description:1 online resource (ix, 49 pages) : color illustrations
Bibliography:Includes bibliographical references.
ISBN:9781475579857
1475579853
1616352507
9781616352509
ISSN:0258-7440
Access:Access limited to authorized users.