A gentle reminder to register for this Press Briefing if you have not already done so and would like to attend.

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FCA working journalists are cordially invited to the International Monetary Fund’s press conference on the release of the Regional Economic Outlook for Asia Pacific – October 2023.

Speakers will include:
-  Krishna Srinivasan, Director, Asia Pacific Department, IMF
-  Thomas Helbling, Deputy Director, Asia Pacific Department, IMF
-  Shanaka (Jay) Peiris, Division Chief of Regional Studies, Asia and Pacific Department, IMF

The Regional Economic Outlook (REO) provides an assessment of the macroeconomic outlook and challenges for the region. Economic activity in Asia and the Pacific remains on track to contribute around two-thirds of global growth in 2023, despite a challenging environment shaped by rotation of global demand from goods to services and synchronized monetary tightening. Risks to the outlook have become more balanced than they were six months ago, although they still lean to the downside. The region is expected to expand in 2023 before slowing down in the medium term. China's structural slowdown and lower productivity growth in many other economies may dampen the region's potential. The REO assesses the potential spillovers from an upside scenario of domestic reforms in China and a downside scenario from de-risking between China and OECD economies. Inflation is expected to decline in 2024 and stay within central bank target ranges in most countries, a faster pace of disinflation than in other regions. The report also explores the factors contributing to Asia’s lower inflation compared to other regions as well as the divergence in inflation within the region.

For assistance, please contact Huong Lan ‘Pinky’ Vu, Communications Officer, IMF at hlanvu@imf.org

Please confirm your attendance via this link before noon on 17 October 2023.