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Asia-Pacific Economic Outlook: December Forecast Points To Tough First-Half 2009, But A Better Second Half Dec 08
Standard & Poors, Dec 2008
Abstract
Since September, global monthly economic indicators have pointed to a rather rapidly deteriorating macroeconomic situation. We felt that it was necessary to increase our forecast-revision frequency from quarterly to monthly to reflect this. The table below provides our most recent view of the region's growth and inflation prospects for 2009. Based on data releases, the growth expectations for all rated Asia-Pacific sovereigns have been scaled down--some more so than others. A number of factors have informed these assessments. First, our outlook for the U.S. economy has been scaled down from last month. We now expect a sharper decline during 2009: -1.2% compared with our previous forecast of -0.9%. This impacts all the region's economies to varying degrees with Japan, Korea,...
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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