The Relevance of SEACEN in a Turbulent World | Closing remarks by Michael Debabrata Patra, Deputy Governor, Reserve Bank of India

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The document is the keynote address by a speaker at the 59th SEACEN Governors' Conference on February 15, 2024. The speaker highlights the significance of the SEACEN region in the global economy, its strong economic growth, and its potential to drive global growth in the medium term.

The speaker notes that the SEACEN region is home to 45% of the world's population and accounts for 27% of global GDP. The region's economic heft is projected to continue growing, with Asia expected to contribute 2/3 of global growth in 2024.

The speaker also discusses various economic themes affecting the SEACEN region, including the management of capital flows, monetary policy and disinflation, central bank digital currencies, big data applications, and climate change. The speaker highlights the challenges and opportunities facing the region, including the need for effective risk management, the importance of digital transformation, and the impact of climate change.

Overall, the document provides an overview of the key economic themes and challenges facing the SEACEN region and its central banks.