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.
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.
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.