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Macroeconomic Update - Issue No. 1, August 2009
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| Author(s):
N/A
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| Economic Sector(s):
N/A |
| ESCAP Reference
No.: No.1, August 2009 |
| Division/Office:
Macroeconomic Policy and Development |
| Published Date:
August 2009 |
| Country:
{Non-country Specific Publication} |
| Hard Copy Price:
Free
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| Having been hit hard by the contagion effect of the economic and financial crisis, the Asia-Pacific region had started to show signs of recovery by mid-2009. Strong support from expansionary macroeconomic policies, particularly fiscal spending—which reached unprecedented magnitudes in some countries—helped the global financial system ward off a systemic collapse and averted a deepening of the recession into a full-fledged depression. The region is expected to gradually come out of the trough in the second half of 2009. |
Economic Growth and Outlook
Inflation
External Sector
Exchange Rate Movements
Featured Indicator: Performance of Stock Markets
Key Economic News
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