Asia Pacific Economic Outlook - October 2009 |
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The October 2009 edition of the Asia Pacific economic outlook gives a near-term outlook for Australia, India, Indonesia, ,and Japan.
- Australia – The Australian economy has avoided the worst so far, and indications are that it will continue to do so. The economy will likely register positive growth this year, and an acceleration next year.
- India – Despite the deficient summer monsoon, the economy may still grow at close to or above 6 percent. Overall, the economy seems to be on the path to recovery, unless a sharp reversal in fiscal and monetary stimulus threatens the nascent industrial sector recovery.
- Indonesia – Most indicators point to an improved macro environment and stronger growth in the coming months. The key to economic stability at this point lies in exchange rate stability.
- Japan – Business investment is not picking up. One factor that would be playing in the minds of businesses is the uncertainty centering on the policies the Democratic Party of Japan (DPJ) is likely to adopt.
Asia Pacific Economic Outlook - October 2009
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