Posted on May 18, 2010 by iMFdirect
By Anoop Singh
As I have highlighted in previous posts, Asia has been leading the global recovery and it is expected to continue doing so in the near term.
Not only has Asia’s rapid growth helped output return to pre-crisis levels relatively quickly, it has attracted large capital inflows into the region. Foreign capital has poured in, attracted by Asia’s strong fundamentals and bright growth prospects. Portfolio and cross border banking flows have rebounded sharply as financial conditions normalized.
Looking ahead, our growth projections suggest that Asia is expected to outperform advanced countries. As a result, the region is likely to continue to attract significant capital inflows, assuming that fallout from the euro zone sovereign debt crisis is contained and that the recent spike in global risk aversion abates.
Filed under: Asia, Economic Crisis, Economic research, Financial Crisis, IMF | Tagged: capital inflows, China, debt crisis, domestic demand, foreign investors, Hong Kong, infrastructure development, investment climate, labor market, price bubbles, property prices, risk aversion | 1 Comment »
Posted on April 29, 2010 by iMFdirect
By Anoop Singh
(Version in 中文, 日本語 and 한국어)
I am in China this week to present our new Asia-Pacific Regional Economic Outlook in Shanghai. I remain as impressed as ever by China’s energy and vibrant growth, an impression that is reinforced every time I return to this country.
China is of course an important part of Asia. And Asia is now a key driver of the global recovery. Indeed, as the world climbs out of its deepest recession in over half a century, it is Asia that is leading the recovery. While growth in the advanced world is being held back for now by unemployment and weak household and bank balance sheets, in the emerging world – and particularly Asia – it is rebounding strongly.
Filed under: Asia, Economic Crisis, Economic research, Emerging Markets, IMF | Tagged: capital flows, China, commodity exporters, credit quality, domestic demand, exchange rates inflation, exports, global recession, India, Japan | Leave a comment »
Posted on January 4, 2010 by iMFdirect
By John Lipsky
The year 2010 has opened amid generalized—–but tempered—optimism about the global economic and financial outlook.
The unprecedented scale and scope of the anti-crisis measures taken during the past year—and the unprecedented degree of multilateral policy coordination involved in their design and implementation—appear to have succeeded in averting a downturn of historic proportions.
The improved prospects are evident in economic data, in financial market performance, and in the marking up of economic forecasts. In fact, somewhat more upbeat expectations no doubt will be reflected in the regular January update of the IMF’s World Economic Outloook forecast.
Filed under: Advanced Economies, Africa, Asia, Economic Crisis, Emerging Markets, Financial Crisis, Fiscal Stimulus, growth, International Monetary Fund, Low-income countries | Tagged: credit losses, domestic demand, Fiscal Stimulus, output gaps, Pittsburgh Summit, policy coordination | 6 Comments »