World Bank East Asia and Pacific Economic Update, April 2013 : A Fine Balance

The developing economies of the East Asia and Pacific (EAP) region grew by 7.5 percent in 2012, lower than the 8.3 percent growth recorded in 2011, but still higher than that of any other region. Within the region, available data in the first quarter of the year indicate that external weakness may be abating, while domestic demand remains resilient. The expectation of some stabilization in external demand, coupled with still resilient domestic activity, may be showing in the industrial production and purchasing manager's index numbers, which are generally positive. The growth forecasts for EAP for 2013 and 2014 remain roughly similar to those of December last year. Both the global and regional outlooks are subject to several risks, most of which are by now familiar. Though the developing economies of East Asia are generally well-prepared to absorb external shocks, an emerging concern is the risk of over-heating in some of the larger economies in the region. Policy makers in developing EAP should strive to strike the right balance between managing the near-term risks, and sustaining and increasing inclusive growth in the medium-term by enhancing the underlying productive capacity-human and physical-of these economies.

Bibliographic Details

Main Author:	World Bank
Format:	Publication biblioteca
Language:	en_US
Published:	Washington, DC 2013-04-25
Subjects:	accumulation of debt, agriculture, arrears, asset price, asset purchase, asset quality, bailout, balance of payments, balance sheet, bank credit, bank lending, bank loans, banking institutions, banking sector, banking system, banking union, basis points, benchmark, bond, bond flows, bond issuance, Bond issues, bond spreads, bonds, buffers, Capital flows, capital inflows, capital stock, cash transfers, Central bank, central banks, commodity prices, consumer demand, Consumer price index, contingent liabilities, corporate debt, credit expansion, Credit growth, credit institutions, credit rating, currency, currency appreciation, Currency markets, Current account, current account balance, current account deficit, current account surplus, Current account surpluses, debt, debt flows, decline in investment, deficits, deflation, depository institutions, Developing countries, developing country, development bank, development Economics, disposable income, domestic consumption, domestic credit, domestic demand, domestic demand growth, drag on growth, Economic Cooperation, emerging economies, emerging market, emerging markets, equipment, Equity flows, Equity issue, equity issues, exchange rate, exchange rates, export growth, export growth rates, export market, export performance, export share, export volumes, exporters, External debt, external demand, external shocks, financial crisis, financial market, financial markets, financial sector, financial stability, financial system, financial systems, fiscal deficit, Fiscal deficits, fiscal policies, Fiscal policy, Fixed asset, Fixed investment, forecasts, foreign currency, Foreign direct investment, foreign investment, foreign investments, foreign investors, GDP, global demand, global economy, global markets, global trade, gold, government bond, government bond yield, government bonds, government debt, government deficits, government finances, government guarantees, government investment, government spending, Growth Projections, growth rate, High-income country, household income, household incomes, human development, import, Imports, income, income growth, Index numbers, Inflation, Inflation rates, inflation target, inflationary pressures, infrastructure development, infrastructure investments, Initial public offering, interest rates, International bank, international capital, international reserve, international reserve positions, international reserves, International Settlements, international standards, investing, investment activity, investment flows, investment rate, investment spending, investor confidence, IPo, issuance, labor force, levels of investment, liquidity, local government, local governments, long-term debt, loose monetary policies, loss of confidence, macroeconomic crisis, market benchmark, market conditions, market confidence, Market Index, monetary conditions, Monetary Fund, monetary policies, monetary policy, net exports, oil commodity, open economy, output Gap, outturns, policy responses, portfolio, Portfolio flows, portfolio investment, potential output, Poverty reduction, price increases, price risks, price subsidies, private consumption, private investment, private investments, productive investment, Productivity, Productivity growth, public debt, public investment, public offerings, Public spending, Purchasing power, Purchasing power parity, real effective exchange rate, real exchange rate, regional growth, remittances, reserve, reserves, stock market, Stock market indices, stock markets, structural problems, tax, Total factor productivity, trade data, trade deficit, trade deficits, trade regime, trade surplus, uncertainty, unemployment, valuations, Value added, wages, warrants, world development Indicators, world market, world trade, World Trade Organization, WTO,
Online Access:	http://hdl.handle.net/10986/14685
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