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Economic and Social Survey of Asia and the Pacific 2010
By early 2010, following the first global economic contraction in modern
history, the contours of a V-shaped rebound were evident in the Asia-Pacific
economies – assisted in large part by a number of unprecedented fiscal stimulus packages. But the rebound remains fragile and uneven, with a number of downside risks. While 2009 was a year of emergency crisis management, 2010 will be a year when economic policy making will be even more complex. Turning the rebound into a sustained recovery will mean keeping up the momentum while maintaining macroeconomic stability in the
face of rising inflationary tendencies and the potential for asset bubbles.[...]
history, the contours of a V-shaped rebound were evident in the Asia-Pacific
economies – assisted in large part by a number of unprecedented fiscal stimulus packages. But the rebound remains fragile and uneven, with a number of downside risks. While 2009 was a year of emergency crisis management, 2010 will be a year when economic policy making will be even more complex. Turning the rebound into a sustained recovery will mean keeping up the momentum while maintaining macroeconomic stability in the
face of rising inflationary tendencies and the potential for asset bubbles.[...]