The OECD Development Centre and ASEAN+3 Macroeconomic Research Office (AMRO) held their first joint Asian Regional Roundtable on September 26 to discuss the euro area uncertainty and its implication for Asian economies.
Considering the euro area uncertainty which affects Asia through various channels such as trade, banking and financial flows, Rintaro Tamaki, Deputy Secretary General of the OECD and Yoichi Nemoto, AMRO Director said "Although Asian economies have shown resilience so far, there are some signs of slowing. We will need to watch carefully and take proactive actions against impact of lingering euro area uncertainty."
The roundtable also discussed medium-term structural policy challenges and development strategies regarding how to capitalize Asia's domestic demand and how to enhance productivity in oder to consolidate the growth momentum in the region for a medium-term.