3rd China-ASEAN Forum on Social Development and Poverty Reduction 4th ASEAN+3 High-Level Seminar on Poverty Reduction and Asia-wide High-Level Regional Conference and Special Seminar on The Impact of the Global Economic Slowdown on Poverty and Sustainable Development in Asia and the Pacific

Asia is currently affected by the world's most serious global economic slowdown since the 1930s. The causes and impacts are different from the Asian Financial Crisis in 1998 in several respects. The current crisis concerns not only the very poor (i.e. those living under the $1.25 poverty line) but more so the vulnerable poor, mostly educated youth in the export sectors (and backward industries and services). Impact channels are going through labor markets, migration and remittances, social budgets, social protection, gender. health, education and training, among others.