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‌1st OECD-AMRO Joint Asian Regional Roundtable

Euro-area Economic Uncertainty and Implications for Asian Economies: Challenges for Near-term Macroeconomic Policy and Medium-term Growth

The Asian Regional Roundtable, jointly organized by the OECD Development Centre and AMRO (ASEAN+3 Macroeconomic Research Office), in co-operation with the ASEAN Secretariat and Economics Department, OECD.

Background

The Euro-area economic uncertainty- stemming from the sovereign debt crisis and expanding to issues shaking the monetary union - is the key downside risk to the outlook of the global economy. Further financial volatility exacerbated by the euro-zone uncertainty -major markets for the region’s exports and sources of financial capital and portfolio investments for Asian economies- will post several challenges.

Yet, the region will be able to maintain its dynamic growth momentum, underpinned by the strength of domestic demand thanks to large-scale investments in infrastructure and buoyant private consumption. Asian countries are now exploiting new growth models to keep the dynamism, given weaker-than- expected import demand in OECD economies.

This roundtable will provide an opportunity to discuss Euro-area economic uncertainty and its implications for Asian Economies from the point of view of both i) near-term macroeconomic policies and ii) medium-term growth and development challenges, inviting participants from Europe, OECD and Asia, AMRO.
Objectives
The Roundtable will provide an opportunity to discuss Euro-area economic uncertainty and its implications for Asian Economies from the view point of:

•    Near-term Economic Macroeconomic Implication for ASEAN+3 economies.
•    Medium-term Policy Challenges: Towards a “New Growth Model” in ASEAN+3 economies.

This Roundtable will be served as a follow-up activity of Platforms for regional economic monitoring (identified in “OECD Strategy on Development” ) and will also provide an opportunity to discuss the intermediate results of the forthcoming Southeast Asian Economic Outlook (SAEO) 2013.

• Press release
• Agenda
• Concept Note

Presentations:

• Kensuke Tanaka Overview: Structural Policy Challenges Towards a New Growth Model in Asia
• Allauddin Anuar, Director, Economic Planning Unit, Prime Minister’s Department, Malaysia,
  “Malaysia: The New Economic Model & Medium Term Development Strategies”
• Reza Yamora Siregar, Senior Economist, AMRO, Singapore
• Baoliang Zhu, Deputy Head for Forecasting, State Information Centre, People’s Republic of China
• José Marín Arcas, Head of Euro Area Macroeconomic Developments, European Central Bank,
  Germany, “Recent Economic Developments of the Euro-area and Challenges”
• Matthew Yiu, Senior Economist, AMRO, Singapore, “Near-term Economic Perspectives of ASEAN
  +3 Economies”
• Bambang Prijambodo, Assistant Minister of Economics, Development and Financing, BAPPENAS,
  Indonesia, “Medium-term Development Strategies and a New growth Model in Indonesia”
• Rosemarie G. Edillon In search of a new growth model for present-day Philippines
• Francisco G. Dakila, Jr. Near-Term Economic Outlook of the Euro-Area and Asia
• Paul van den Noord, counsellor to the Chief Economist, OECD The near-term global economic outlook
• Juda Agung,_Euro-Area Uncertainties and Implications on Indonesia