国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global General

Special

Newsmaker

Asia Pacific

America

Middle East

Europe

Africa

South Asia can weather economic crisis: ADB study

(Xinhua)
Updated: 2009-03-09 11:28

MANILA -- South Asian countries can weather the global financial crisis by taking both short- and long-term measures to stimulate their economies, the Asian Development Bank (ADB) said in a study released on Monday.

The study, titled The Impact of the Global Economic Slowdown on South Asia, said that the subregion has been hit by capital outflows and weaker commodity prices, and faces a sharp slowdown in exports and remittances as the global troubles worsen.

Related readings:  $50trln lost in global crisis, Asia suffers worst  Is Asia able to save its economic growth?  Asia still cash-cow for bank  World Bank: Global economy will shrink in 2009

A number of short-term measures have been taken to cushion the impact of the crisis, including monetary easing and fiscal stimulus packages, said the report, adding that there is further room for interest rate reductions, particularly in India and Sri Lanka.

While most countries have little scope for large stimulus packages, given deficit constraints, India, which has introduced two of them, should disburse the funds swiftly for maximum impact, it said.

Governments could consider incentives to encourage overseas workers to remit money home, such as special savings instruments, and they should also discuss currency swap arrangements and other measures to keep their financial systems stable, it added.

In the longer term, South Asian countries need to reduce their fiscal deficits, diversify their economies, step up infrastructure investment and boost intra-regional trade to take up the slack of lower demand from G7 nations, according to the study.

"While some countries in South Asia have had relatively less exposure to the crisis from the adverse impacts of capital flows, more than half of the 900 million people in developing Asia who survive on $1.25 a day live in the subregion, so any tempering of growth is a serious cause for concern," said ADB President Haruhiko Kuroda.