Posted by: mulrickillion | November 9, 2011

Presentation to the Asian Institute of Management by Naoyuki Shinohara, IMF Deputy Managing Director, The Asia-Pacific Economic Outlook and Policy Challenges in an Uncertain Global Environment

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Naoyuki Shinohara, IMF Deputy Managing Director, International Monetary Fund
Presentation to the Asian Institute of Management
Manila, November 4, 2011

As prepared for delivery

Good morning. It is a sincere pleasure to be here at the Asian Institute of Management. I would like to thank Mr. Edilberto De Jesus, President of the AIM, for giving me this opportunity to speak to you today.

Plan

Plan of the Presentation

Today, I would like to focus on three main themes. First, I would like to briefly discuss our views on the outlook for advanced economies and the risks facing them. Second, I will turn to our assessment of Asia’s economic outlook and the main risks for the region, touching on the main policy challenges that have emerged in Asia against the background of heightened global uncertainty. I will then conclude with a few remarks on the outlook and policy challenges in the Philippines.

What I am about to say can be summarized as follows: The global economy is in a dangerous phase, with a weaker outlook for growth and rising risks. Negative feedback loops between the real economy and the financial sector have arisen. And unemployment in advanced economies remains very high. The perspective is a little different in Asia, but Asia is also vulnerable to the developments in other regions, especially through the trade channel. And emerging Asia is not immune from a risk of financial contagion, either. . . .

Presentation to the Asian Institute of Management by Naoyuki Shinohara, IMF Deputy Managing Director, The Asia-Pacific Economic Outlook and Policy Challenges in an Uncertain Global Environment

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