Asia Economic Monitor - July 2009

Date: July 2009
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 and 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. This issue includes a special chapter on regulatory reform in emerging East Asia.

Emerging East Asia has entered the transition from recession to a possible V-shaped recovery, with growth dropping sharply this year before returning to 2008 levels next year. Fiscal stimulus is showing results, but authorities need to stay the course in supporting domestic demand and growth until recovery is firmly on track and external demand returns. The July AEM also examines the need for regulatory reform to promote financial stability within the region.

Contents

  • Recent Economic Performance
    • Growth and Inflation
    • Balance of Payments
    • Financial Markets and Exchange Rates
    • Monetary and Fiscal Policy
  • Assessment of Financial Vulnerability
  • Economic Outlook for 2009, Risks and Policy Issues
    • External Economic Environment
    • Regional Economic Outlook
    • Risks to the Outlook
    • Policy Issues
  • Special Section
    • Beyond the Crisis: Regulatory Reform in Emerging East Asia