Webinar: Managing Systemic Risks in the time of Pandemic
Organized by the Bangko Sentral ng Pilipinas (BSP) and the International Monetary Fund – Singapore Training Institute (IMF-STI)
Organized by the Bangko Sentral ng Pilipinas (BSP) and the International Monetary Fund – Singapore Training Institute (IMF-STI)
The historical trend of globalization is reflected in the deepening of offshoring and global sourcing in the past few decades.
“Unprecedented, once-in-a-generation” crises have a bad habit of occurring quite regularly—at least three times over the past 25 years!
We, the Finance Ministers and Central Bank Governors of ASEAN, China, Japan and Korea (ASEAN+3), convened our 23rd meeting under the co-chairmanship of H.E. Dinh Tien Dung, Minister of Finance of the Socialist Republic of Viet Nam, H.E. Le Minh Hung, Governor of the State Bank of Viet Nam, H.E. Aso Taro, Deputy Prime Minister and Minister of Finance of Japan and H.E. Kuroda Haruhiko, Governor of the Bank of Japan.
In the short space of time since my appointment as Director of the ASEAN+3 Macroeconomic Research Office (AMRO) in May 2019, I witnessed the world we live in thrown into disarray and transformed by an extraordinary crisis.
This paper aims to explain the ASEAN+3 Macroeconomic Research Office’s (AMRO’s) surveillance framework and practices in non-crisis time and compare them with those of other Regional Financing Arrangements (RFAs).
Oil prices have been hard hit by both weak demand and rising supply since the beginning of 2020.
Growth in service exports helped support the ASEAN+3 region’s external sector during the US-China trade conflict, remaining positive, while goods exports dropped.
The COVID-19 pandemic has resulted in more than 20 million confirmed infections worldwide and more than 730,000 deaths up to now.
Presentation for the ASEAN+3 Regional Economic Outlook 2020 media briefing.