武汉品茶论坛：The IMF report believes that the Asia-Pacific economy has begun to recover but is still uneven
The IMF report believes that the Asia-Pacific economy has begun to recover but is still uneven
Washington, October 21 (Reporter Xu Yuan Gao Pan) The Asia-Pacific Economic Outlook Report released by the International Monetary Fund (IMF) on the 21st predicts thatThe economy of the Asia-Pacific region may shrink in 2020 2.2%,This is a decrease of 0 from the forecast in June this year.6 percentage points.It is expected to grow by 6.9%.The report believes that the Asia-Pacific economy has begun to recover but is still uneven.
According to the report,While the new crown epidemic is still spreading globally,The economy of the Asia-Pacific region has begun to recover but is uneven,The speed of recovery varies among economies in the region.Economic growth prospects will be affected by factors such as the new crown infection rate and prevention and control measures, and the scale and effectiveness of policy responses.But due to the decline in labor market participation,In the medium term, economic output in the Asia-Pacific region will still be lower than before the epidemic.
Specifically,The economies of developed economies in the Asia-Pacific region may shrink by 4% this year.Shrinking of emerging markets and developing economies 1.6%.among them,The Chinese economy has rebounded rapidly since the second quarter,It is expected to increase by 1.9%.The economies of Japan, Australia and Singapore contracted respectively5.3%, 4.2% and 6%.
Kenneth Jiang, deputy director of the IMF’s Asia Pacific Department, told reporters,The epidemic has a huge and destructive impact on the Asia-Pacific economy,The process and speed of economic recovery in the region are uneven and the prospects are uncertain.But China’s economy continued to recover in the third quarter and is expected to return to normal sooner.Thanks to the strong measures taken by the Chinese government to respond to the epidemic,Improve the public health system,Provide financial relief to the most affected households and businesses,And increase infrastructure investment and other measures.