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Asia-Pacific Economic Outlook Q4 2009: Exit Strategies And Inflation Are Main Issues For 2010 As Region Recovers Dec 09
Standard & Poors, Dec 2009
Abstract
Asia-Pacific economies have rebounded recently, engineered by very aggressive monetary and fiscal stimulus packages. That the financial sector was less exposed to the crisis, compared with other regions, aided recovery, while in some economies fiscal surpluses allowed governments to spend their way out of recession without jeopardizing fiscal balances--an option not available during the 1997-1998 Asian crisis. Following the Lehman collapse, China, India, Indonesia, and Vietnam experienced positive growth but others took a backward step during 2009. Although all economies are now performing better than expected, the extent of recovery varies across the region. For some, asset-price inflation is emerging as concern: there's too much money chasing too few assets. For others, general inflationary pressures are building up. Policy focus...
Companies mentioned in this report are: Australia (Commonwealth of) (Unsolicited Ratings),New Zealand,Japan (Unsolicited Ratings),Hong Kong (Special Administrative Region),Malaysia,Thailand (Kingdom of),Korea (Republic of),Singapore (Republic of) (Unsolicited Ratings),Taiwan (Republic of China) (Unsolicited Ratings),India (Republic of) (Unsolicited Ratings),China (People's Republic of ),Indonesia (Republic of),Philippines (Republic of the),Vietnam (Socialist Republic of)
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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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