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Policies to Ensure Asia’s Sustained Economic Success
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Policies to Ensure Asia’s Sustained Economic Success

Tao Zhang
IMF, 2018
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Editorial Rating

7

Qualities

  • Analytical
  • Well Structured
  • Overview

Recommendation

Asia’s economies are experiencing a period of strength. According to policy expert Tao Zhang, their governments should view this success as the right time to bolster their protections against unpredictable events. In this brief article, he encourages officials to fortify policy buffers, keep a watchful eye on inflation and promote greater financial inclusion to reinforce economic resiliency. getAbstract recommends this plainly written prescriptive analysis to investors and executives for its timely insights.

Take-Aways

  • Asian regional economies are in good condition to withstand exogenous shocks, which presents a window of opportunity to “fix the roof while the sun shines.”
  • Over the 2007 to 2018 period, Asia’s monetary and fiscal safeguards against unexpected capital outflows have weakened, and its economies need to be vigilant about potential risks. 
  • In 2018, inflation is increasing in the region due to commodity price rises and the normalization of central bank policies. 

About the Author

Tao Zhang is a deputy managing director at the International Monetary Fund.

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