ID :
16345
Tue, 08/19/2008 - 18:41
Auther :
Shortlink :
http://m.oananews.org//node/16345
The shortlink copeid
ASIA TO CONTINUE FACING INFLATIONARY PRESSURE
KUALA LUMPUR, Aug 18 (Bernama) -- The Asian region will continue to faceinflationary pressures arising from high commodity and energy prices, Malaysia's Central governor Dr Zeti Akhtar Aziz said Monday.
"The (Asian) region will continue to face inflationary pressures arising from high commodity and energy prices," Zeti said.
However, this is expected to recede with the substantial correction that recently took place following the slower pace of global growth, she said.
"Although growth is expected to moderate, most economies will continue to see a reasonable growth performance," Zeti said in her keynote address at the Fourth SEACEN/ABAC/ABA/PECC Public-Private Dialogue for the Asia Pacific Region here.
According to her, the Asian region is expected to weather this challenging period with the growing intra-regional trade and the expansion of its economic links with Eastern Europe and Russia, the Middle East and Latin America.
At the same time, increased infrastructure spending in several of the large economies will provide further support to domestic demand, Zeti said.
In addition, the strengthened economic fundamentals of the Asian economies, including the high level of reserves, low external debt, strengthened financial systems and improved fiscal position, will provide the flexibility to better manage the risks to the economy and the financial systems, she said.
"The (Asian) region will continue to face inflationary pressures arising from high commodity and energy prices," Zeti said.
However, this is expected to recede with the substantial correction that recently took place following the slower pace of global growth, she said.
"Although growth is expected to moderate, most economies will continue to see a reasonable growth performance," Zeti said in her keynote address at the Fourth SEACEN/ABAC/ABA/PECC Public-Private Dialogue for the Asia Pacific Region here.
According to her, the Asian region is expected to weather this challenging period with the growing intra-regional trade and the expansion of its economic links with Eastern Europe and Russia, the Middle East and Latin America.
At the same time, increased infrastructure spending in several of the large economies will provide further support to domestic demand, Zeti said.
In addition, the strengthened economic fundamentals of the Asian economies, including the high level of reserves, low external debt, strengthened financial systems and improved fiscal position, will provide the flexibility to better manage the risks to the economy and the financial systems, she said.
