The IMF’s Regional Economic Outlook for Asia-Pacific. A round-table discussion on the Fund’s latest report.
Held on Thursday, November 29, 2018
Tahsin Saadi Sedik (IMF)
Jinny Yan (ICBC)
Russell Jones (Llewellyn Consulting)
Last year, we were delighted to host a discussion of the Fund’s annual report on the outlook for the Asia-Pac region. This year, we are equally delighted to repeat the exercise. The latest REO was launched during the Annual Meetings last month in Bali. It focuses on “Growth challenges for the next decade and beyond” – i.e. moving beyond the astonishing progress that Asia has achieved in the last 50 years to look at a new series of short, medium and long-term risks.
evidence that the synchronised global recovery of the last few years is fading;
growing financial market volatility;
rising trade tensions;
the slowdown in China;
an end to the “demographic dividend” that has driven growth in many Asian economics;
slowing productivity growth; and
the social dislocation that many fear will accompany Asia’s rapid “digitalisation”.
All of that aside, Asia-Pac will still remain the most dynamic part of the global economy – though policy-makers will inevitably face a new set of challenges as they negotiate their way through these risks.
One of the REO’s principal authors is Tahsin Saadi Sedik, senior economist in the Fund’s Asia-Pac Department. He has been with the Fund for 14 years, having joined shortly after completing his PhD at CERDI-Université d'Auvergne. I am very pleased that he has agreed to walk us through the main conclusions of the report.
To keep him on his toes, I am also delighted that we have two other panellists with expertise in the area:
Jinny Yan is a managing director, and chief China economist, at ICBC Standard Bank here in London, which she joined from Standard Chartered at the beginning of 2016. She was educated at the University of Durham and LSE, from which she has an MSc in development studies.
Russell Jones is a partner at Llewellyn Consulting, which he joined in 2013 after a long career in both the UK and Asia, including spells as a global head of fixed income strategy for both Westpac and RBC and as chief economist for ADIA and chief international economist for Lehman Bros.
If you (or a colleague) would like to join us for what, I am sure, will be an important discussion, please let us know by emailing email@example.com or by calling the Centre at 0207 621 1056. As usual, there will be wine and sandwiches for light relief.