World Bank South Asia Economic Update 2010 : Moving Up, Looking East

South Asia's rebound since March 2009 has been strong and is comparable to that in East Asia. South Asia is poised to grow by about 7 percent in 2010 and nearly 8 percent in 2011, thanks to the strong recovery in India, good performances in Bangladesh, post-conflict bounce in Sri Lanka, recovery in Pakistan, and turnarounds in other countries, including Afghanistan, Maldives, and Nepal. The region's prospective growth is close to pre-crisis peak levels and faster than the high rates of the early part of the decade (6.5 percent annually from 2000 to 2007). The recovery is being led by rising domestic confidence and is balanced in terms of domestic versus external demand, consumption versus investment, and private demand versus reliance on stimulus. Government policy, external support, resumption of private spending, and global recovery are driving the rebound. Strong government fiscal and monetary stimulus packages and, in some cases, external assistance are helping stimulate recovery. Improved optimism is helping the recovery in private spending in India, Bangladesh, Bhutan, and Sri Lanka. World trade and demand recovery are also supporting the rebound in exports and tourism, as are capital inflows. Not everyone is doing equally well, with slower recovery in countries with weaker fundamentals, those with unresolved conflict or post-conflict issues, and those that were heavily exposed to the global downturn (Maldives, Nepal, and Pakistan). Some significant risks are ahead in the global environment, slowing worker remittances and exports in a still hesitant and uncertain global recovery (which recent events in Europe have highlighted), volatile commodity prices, and continuing volatility in global capital flows.

Bibliographic Details

Main Author:	World Bank
Language:	English
Published:	World Bank 2010
Subjects:	ACCOUNTING, AGGREGATE DEMAND, AGRICULTURE, ASSET PRICES, BALANCE OF PAYMENTS, BALANCE SHEETS, BANK LENDING, BANK OFFICE, BANK OFFICES, BASE YEAR, BASIS POINTS, BENCHMARK, BILATERAL TRADE, BOND ISSUANCES, BUSINESS ENVIRONMENT, CAPITAL ACCOUNT, CAPITAL ACCOUNT RESTRICTIONS, CAPITAL ACCOUNTS, CAPITAL ACCUMULATION, CAPITAL FLOWS, CAPITAL INVESTMENT, CAPITAL OUTFLOWS, CASH RESERVE, CASH RESERVE RATIO, CENTRAL BANK, CENTRAL BANKS, COMMERCIAL BANKS, COMMERCIAL CREDIT, COMMODITY, COMMODITY PRICE, COMMODITY PRICES, COMPARATIVE ADVANTAGE, COMPETITIVENESS, CONSUMER PRICE INFLATION, CONSUMER SPENDING, COPYRIGHT CLEARANCE, COPYRIGHT CLEARANCE CENTER, CREATION OF JOBS, CREDIT GROWTH, CREDIT MARKET, DEBT, DEBTS, DEFICITS, DEMOGRAPHIC, DEPOSITS, DEREGULATION, DEVELOPING COUNTRIES, DEVELOPING COUNTRY, DEVELOPMENT BANK, DISCOUNT RATE, DIVIDEND, DIVIDENDS, DOLLAR PRICE, DOMESTIC CAPITAL, DOMESTIC CAPITAL MARKETS, DOMESTIC CREDIT, DOMESTIC CREDIT GROWTH, DOMESTIC ECONOMIES, DOMESTIC FINANCIAL MARKET, DOMESTIC FINANCIAL MARKETS, DOMESTIC INTEREST RATES, DOMESTIC MARKETS, DURABLE, ECONOMIC COOPERATION, ECONOMIC OUTLOOK, ECONOMIC POLICIES, ECONOMIC SITUATION, ECONOMIC STRUCTURES, EMERGING MARKET, EMERGING MARKET ECONOMIES, EMERGING MARKETS, EQUIPMENT, EQUITY MARKETS, EQUITY PRICES, EXCHANGE RATE, EXCHANGE RATE MOVEMENTS, EXCHANGE RATES, EXPENDITURE, EXPENDITURES, EXPORT GROWTH, EXPORT PERFORMANCE, EXPORT SECTORS, EXPORTERS, EXPORTS, EXPOSURE, EXPOSURES, EXTERNAL COMMERCIAL BORROWINGS, EXTERNAL DEFICITS, EXTERNAL TRADE, FARMING HOUSEHOLDS, FEDERAL BUDGET, FINANCIAL CRISIS, FINANCIAL INSTITUTIONS, FINANCIAL INTEGRATION, FINANCIAL MARKET, FINANCIAL SAVINGS, FINANCIAL SERVICES, FINANCIAL SYSTEM, FINANCIAL SYSTEMS, FISCAL DEFICIT, FISCAL DEFICITS, FIXED EXCHANGE RATES, FOOD PRICES, FORECASTS, FOREIGN DIRECT INVESTMENT, FOREIGN EXCHANGE, FOREIGN FINANCING, FOREIGN FUNDS, FOREIGN TRADE, FREE BONDS, FREE TRADE, FREE TRADE AGREEMENT, FUND INFORMATION, FUTURE GROWTH, GDP, GDP PER CAPITA, GLOBAL CAPITAL, GLOBAL CAPITAL FLOWS, GLOBAL CAPITAL MARKETS, GLOBAL ECONOMIC PROSPECTS, GLOBAL ECONOMY, GLOBAL MARKETS, GLOBAL OUTPUT, GLOBAL TRADE, GOOD GOVERNANCE, GOVERNMENT EXPENDITURES, GOVERNMENT POLICY, GROSS DOMESTIC PRODUCT, GROSS VALUE, HOUSEHOLD INCOMES, HOUSEHOLD SAVINGS, HUMAN CAPITAL, INCOME, INCOME TAX, INDEBTEDNESS, INFLATION, INFLATION RATES, INFLATIONARY PRESSURES, INFLOWS OF CAPITAL, INFORMATION TECHNOLOGY, INFRASTRUCTURE INVESTMENT, INFRASTRUCTURE PROJECTS, INITIAL PUBLIC OFFERING, INTEREST RATE, INTEREST RATES, INTERNATIONAL BANK, INVENTORY, INVESTMENT RATES, INVESTOR CONFIDENCE, LABOR MARKETS, LIQUIDITY RATIO, LOCAL CURRENCY, MACROECONOMIC POLICIES, MACROECONOMIC STABILITY, MARKET CONDITIONS, MARKET SHARES, MONETARY AUTHORITIES, MONETARY AUTHORITY, MONETARY FUND, MONETARY POLICIES, MONETARY POLICY, NATIONAL INCOME, NATIONAL OUTPUT, NATURAL DISASTERS, NEWLY INDUSTRIALIZED COUNTRIES, OIL PRICE, OIL PRICES, OUTSOURCING, POLICY RESPONSES, POLITICAL ECONOMY, PORTFOLIO, PORTFOLIO CAPITAL, PORTFOLIO CAPITAL INFLOWS, PRICE LEVELS, PRIVATE CAPITAL, PRIVATE INVESTMENT, PRODUCTIVITY GROWTH, PUBLIC DEBT, PUBLIC FINANCES, PUBLIC INVESTMENT, PURCHASING POWER, RATES OF INFLATION, REAL GDP, REGIONAL INTEGRATION, REGIONAL TRADE, REMITTANCE, REMITTANCES, REPO, REPO RATE, REPO RATES, RESERVE BANK, RESERVE REQUIREMENT, RESERVES, RETURN, RETURNS, SAFETY NET, SAFETY NETS, SECONDARY MARKET, SECURITIES, SHORT-TERM CAPITAL, SOVEREIGN BOND, SOVEREIGN BONDS, STATE BANK, STATUTORY LIQUIDITY, STOCK MARKET, STOCK MARKETS, STOCKS, TARIFF BARRIERS, TAX, TAX RATE, TAX REVENUES, TELECOMMUNICATIONS, TIME DEPOSITS, TOTAL FACTOR PRODUCTIVITY, TRADE ASSOCIATION, TRADE BARRIERS, TRADE CREDITS, TRADING, TREASURIES, TROUGH, UNEMPLOYMENT, VALUE ADDED, VOLATILITY, WEALTH, WORLD TRADE,
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20100928002804 https://hdl.handle.net/10986/2504
Tags:	Add Tag No Tags, Be the first to tag this record!