Asia Economic Monitor - December 2007

Date: December 2007
Type: Reports
Country:
Subject:
Series: Asian Economic Integration Monitor

Description

The Asia Economic Monitor (AEM) is a semiannual review of emerging East Asia’s growth, financial vulnerability, and emerging policy issues. It covers the 10 members of the Association of Southeast Asian Nations; People’s Republic of China; Hong Kong, China; Republic of Korea; and Taipei,China.

Economic growth in emerging East Asia will ease to 8.0% in 2008 from 8.5% in 2007. Moderating growth in key industrialized nations and some softening in the People's Republic of China rapid expansion - to 10.5% from this year's 11.4% - are behind the outlook. Volatility in global financial markets and elevated oil prices are expected to continue. Slower regional growth, however, is being accompanied by rising inflationary pressures, despite continued appreciation of many of the region's currencies.

Contents

  • Recent Economic Performance
    • GDP Growth
    • Inflation
    • Balance of Payments
    • Financial Markets and Exchange Rates
    • Monetary and Fiscal Policy
  • Assessment of Financial Vulnerability
  • Economic Outlook for 2008, Risks and Policy Issues
    • External Economic Environment
    • Regional Economic Outlook for 2008
    • Risks to the Outlook
    • Policy Issues
  • Special Section
    • Can Emerging East Asia Weather Global Financial Instability?