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REGIONAL ECONOMIC OUTLOOK


RECOVERY UNABATED AMID UNCERTAINTY

May 2023



 * Overview
 * Projections Table
 * Videos

English
日本語 中文 हिन्दी Indonesia 한국어 Tiếng Việt ไทย বাংলা Filipino (Pilipinas)
Download Full Report

OVERVIEW

DESPITE WEAKENING EXTERNAL DEMAND AND MONETARY TIGHTENING, DOMESTIC DEMAND HAS
SO FAR REMAINED STRONG, WITH CHINA’S REOPENING PROVIDING FRESH IMPETUS.



Asia and the Pacific remains a dynamic region despite the somber backdrop of
what looks to be shaping up as a challenging year for the world economy.

Global growth is poised to decelerate as rising interest rates and Russia’s war
in Ukraine weigh on activity. Inflation remains stubbornly high, and banking
strains in the United States and Europe have injected greater uncertainty into
an already complex economic landscape.

Asia’s domestic demand has so far remained strong despite monetary tightening,
while external appetite for technology products and other exports is weakening.
We project the region will contribute around 70 percent of global growth this
year as its expansion accelerates to 4.6 percent from 3.8 percent in last year.

China’s reopening will provide fresh momentum. Normally the strongest effect
would be from demand for investment goods in China, but this time the biggest
effect is from demand for consumption. Other emerging economies in the region
are on track to enjoy solid growth, though in some cases at slightly lower rates
than seen last year.

 * May 11 Media Roundtable in Beijing - part I
 * May 11 Media Roundtable in Beijing - part II
 * May 4 Press Conference
 * May 4 Press Conference Opening Remarks
 * May 2 Press Conference
 * Transcript of May 2 Press Conference
 * Chart of the Week
 * May 2 Fireside Chat
 * April 13 Press Conference
 * April 13 Opening Remarks
 * Transcript of April 13 Press Conference
 * Power Point Presentation
 * Blog



PROJECTIONS TABLE



VIDEOS

Charting a Course Through Rough Seas: How Emerging Markets Can Navigate Tougher
External Conditions
First Deputy Managing Director Gita Gopinath discusses how emerging markets can
navigate a volatile and uncertain external landscape at the South Africa Reserve
Bank Biennial Conference.


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CHARTING A COURSE THROUGH ROUGH SEAS: HOW EMERGING MARKETS CAN NAVIGATE TOUGHER
EXTERNAL CONDITIONS

 * September 1, 2023

 * 00:47:05

Poverty Reduction and Growth Trust (PRGT)
The Poverty Reduction and Growth Trust (PRGT) must be adequately funded and
subsidized so that this vital source of interest-free financing can continue and
help address the challenges facing low-income countries.

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POVERTY REDUCTION AND GROWTH TRUST (PRGT)

 * August 8, 2023

 * 00:02:09

Subsidies: why do we care, what do we know, and what next?
This is the video recording of the joint webinar hosted by the OECD on July 26,
following the release of the new Joint Subsidies Platform by the IMF, World Bank
Group, WTO, and OECD. Video: Courtesy of the OECD.

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SUBSIDIES: WHY DO WE CARE, WHAT DO WE KNOW, AND WHAT NEXT?

 * July 26, 2023

 * 01:31:00

Student Townhall at University of the Witwatersrand
First Deputy Managing Director Gita Gopinath discusses economic issues facing
Africa and the rest of the world with students at the University of the
Witwatersrand School of Economics and Finance.

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STUDENT TOWNHALL AT UNIVERSITY OF THE WITWATERSRAND

 * August 31, 2023

 * 01:02:36

Press Conference: World Economic Outlook Update, July 2023


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PRESS CONFERENCE: WORLD ECONOMIC OUTLOOK UPDATE, JULY 2023

 * July 25, 2023

 * 00:46:52

Toward A Resilient Macroeconomic Vision for Africa | Africa Perspectives
A conversation between Atif Mian, Professor of Economics, Public Policy, and
Finance at Princeton University and the IMF’s African Department Director, Abebe
Aemro Selassie, exploring the nexus between finance and macroeconomics in
Africa.

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TOWARD A RESILIENT MACROECONOMIC VISION FOR AFRICA | AFRICA PERSPECTIVES

 * July 20, 2023

 * 01:06:15

The Future of Fiscal Policy
The inaugural session of the Peer-Learning Webinar Series on Fiscal and Public
Debt Issues in Asia and the Pacific, organized jointly by the IMF-Singapore
Regional Training Institute (STI) and the IMF Office for Asia and the Pacific
(OAP).

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THE FUTURE OF FISCAL POLICY

 * June 9, 2023

 * 01:46:34

Managing Director's Opening Remarks at the Dubrovnik Conference


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MANAGING DIRECTOR'S OPENING REMARKS AT THE DUBROVNIK CONFERENCE

 * June 3, 2023

 * 00:15:33

Climate Change in Africa: Rwanda Leading Green Innovation
Through its Resilience and Sustainability Trust (RST), the IMF plays an
increasingly important role in helping countries with limited room in their
budget address long-term challenges, including climate change.

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CLIMATE CHANGE IN AFRICA: RWANDA LEADING GREEN INNOVATION

 * April 24, 2023

 * 00:03:53

High-Level Roundtable Discussion on Low-Income Countries’ Challenges and
Concessional Financing
Opening Remarks by IMF Managing Director Kristalina Georgieva, April 12, 2023

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HIGH-LEVEL ROUNDTABLE DISCUSSION ON LOW-INCOME COUNTRIES’ CHALLENGES AND
CONCESSIONAL FINANCING

 * April 12, 2023

 * 00:14:06



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