Prospects for the Asia-Pacific region post-Covid: A discussion with Changyong Rhee (IMF) and Sherry Madera (Refinitiv)
Why you should watch: The IMF has recently downgraded its economic forecasts for the Asia-Pac region, again. It is now looking at negative growth of 1.6% this year - though it anticipates a bounceback in 2021, with growth of 6.6%. But that's not evenly spread, and much depends on China. More fragile economies - those dependent on tourism and remittances, in particular - face a very difficult recovery, as do those where the coronavirus pandemic is still not under control. There are also important issues of capital flight, liquidity - and, of course, broader concerns about the geopolitical situation.
Moderator: Andrew Hilton (Director, CSFI)
Changyong Rhee is Director of the Asia-Pacific Department at the IMF in Washington. He is a former chief economist at the Asian Development Bank, a former Secretary-general of the Presidential Committee for the 2010 Seoul G20 Summit and Vice-chairman of Korea's Financial Services Commission. He has a PhD from Harvard, and has taught at Seoul National University and at the University of Rochester.
Sherry Madera is Global Head of Industry and Government Affairs at Refinitiv. She is a former Economic Ambassador to Asia for the City of London Corporation, and Minister-Counsellor at the British Embassy in Beijing.
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Produced/Edited by Alex Treptow
