With China’s industrial slow down, the most in more than a year period, Asian Development Bank (ADB), an international financial body has cut its regional growth estimate for the year 2012. China, having a major stake or proportion in Asian market/economy, the ongoing slowdown in the country has significantly affected the growth of the region. Amid the economic downtown, the purchasing managers’ index via Chinese government and logistic federation has revealed the index to have fallen to a level of 53.7 in the month of September, down from the level of 56.3 of previous month, i.e., August 2012.

The slowdown has impacted the commodities market and stock indices amidst fall in the value of Australian dollar in line with lowering global demand and downtrend in economies. Concerning the regional slowdown, central banks of core Asian nations like Japan, South Korea, India and Thailand amongst other are scheduled for a meeting this month. Analysts and economists from the region anticipate the meeting to come up with monetary stimulus measures to support the flattening regional economy. Some are arguing that “expansionary monetary measures from major Asian nations have become indispensable to stem the Asian downturn and support economic growth.”

In a statement, ADB reports, “Deceleration in the region’s two giants—the People’s Republic of China and India – and in other major exporting economies is tempering earlier optimism.” Market analysts decode this statement as a lack of monetary stimulus by the central banks of the nations facing recession, also supported by Euro-zone crisis and economic slump in the U.S, the major importing economies in the world, responsible for global trade and industrialization. Thus, as per the analysts, “the global recession is just a coincidence and justifying each economic event in different parts of the world.”

Considering the global economic scenario, it is the high time for all major economies to emerge with appropriate and effective monetary stimulus and easing mechanisms to protect the entire global economy from entering into another “Evil-full” recession, which this time is believed to jeopardize core economic structures and fundamentals globally.