Investor Presentaiton

Short-term risks are tilted to the downside 1. Fragile external environment Weak demand from the US, euro area, and Japan 2. Advanced economies' monetary policies. ➤ Capital flow disruption; complicating macro management 3. Growing protectionism ➤ Further impacting the region's already weak exports 4. Rising private debt ➤ Requiring close monitoring to prevent systemic risks 5. Natural disasters 50 YEARS ➤ Increasing vulnerability in view of global climate change ADB 11

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