The Asia-Pacific region is facing the challenge of coping with a sharp deterioration in the global environment. As forewarned by ESCAP, the developed economies of the world remain mired in the economic crisis which erupted in 2008. Financial markets in the region will be impacted by the fallout from a possible renewed financial crisis. The global slowdown is already impacting the region’s growth, as shown in the report’s latest forecasts for 2012.
A number of countries in the region have also been severely impacted by the effects of floods and other natural disasters, which have taken lives and caused severe distress as well as negatively affected growth prospects and complicated economic management. The report presents analysis and scenarios about the impact on affected economies.
Despite these challenges, the region remains in a relatively favourable macroeconomic situation, which allows for the enactment of short-term stimulus. However, some economies in the region continue to grapple with the challenge of high prices, which presents economies with the dilemma of maintaining price stability in the face of supporting slowing growth.
What: Launch of the Year-end Update of the Economic and Social Surveyof Asia and the Pacific 2011: Steering Asia-Pacific developmentthrough global turbulence
When: Friday, 9 December 2011 at 11:30 a.m.
Where: Foreign Correspondents Club of Thailand (FCCT)Penthouse, Maneeya Center Building, 518/5 Pleonchit Road,Phatumwan, Bangkok
Who: Dr. Nagesh Kumar, Chief Economist of UNESCAP
Dr. Aynul Hasan, Officer-in-Charge, Macroeconomic Policy and
Development Division of UNESCAP
For further information about the event, please contact:
Ms. Francyne Harrigan
Chief, Strategic Communications and Advocacy Section, ESCAP
T: (66) 2 288 1864, M: (66) 81 835 8677, E: [email protected]
Ms. Thawadi Pachariyangkun
Public Information Officer, ESCAP
T: (66) 2 288 1861, M: (66) 81 634 3876, E: [email protected]