Asia Pacific economic outlook – December 2008 |
The December edition of the Asia Pacific economic outlook gives a near-term economic outlook for China, Japan, South Korea, and Vietnam.
- China – The economy is slowing down and the outlook isn’t bright. The government has announced a stimulus plan while the central bank has been cutting rates. The central bank will likely cut interest rates in the near-term and also prevent any appreciation of the yuan.
- Japan – The Japanese economy has entered into a recessionary phase. The central bank cut rates but is unlikely to cut further though the government has announced a stimulus plan to rejuvenate the economy. It is likely that the economy will experience deflation in 2009.
- South Korea – The South Korean market has been slowing down and the central bank has been cutting rates in a bid to give a boost to the economy. Industrial production is forecast to fall and as a result the interest rate is likely to be reduced.
- Vietnam – The central bank has been aggressively cutting rates (4 percent in 6 weeks) because of the forecast slowdown. The government is set to announce a set of measures to boost the economy. The dong is likely to depreciate in the near-term.
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Asia Pacific economic outlook - December 2008
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