South Asia Economic Focus, Spring 2013 : Regaining Momentum

South Asia is regaining its economic momentum, but the recovery in the world’s region with the largest number of poor people could falter in the absence of a stronger investment climate. The combined growth of Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka was just...

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Main Author:	World Bank
Format:	Publication
Language:	en_US
Published:	Washington, DC 2013
Subjects:	economic growth economic indicators economic policy economic risks foreign direct investment investment macroeconomic developments and outlook
Online Access:	http://hdl.handle.net/10986/13267

id	okr-10986-13267
recordtype	oai_dc
spelling	okr-10986-132672021-04-23T14:03:07Z South Asia Economic Focus, Spring 2013 : Regaining Momentum World Bank economic growth economic indicators economic policy economic risks foreign direct investment investment macroeconomic developments and outlook South Asia is regaining its economic momentum, but the recovery in the world’s region with the largest number of poor people could falter in the absence of a stronger investment climate. The combined growth of Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka was just 4.7% in 2012, substantially below pre-crisis levels. Much of the recent slowdown in economic growth can be attributed to stagnating investment. Total fixed investment grew by 2.6% in 2012, down from a high of 16.7% in 2010. The performance varies widely across the region. At the same time, the region is now more vulnerable because current account balances have widened, foreign direct investment has slowed, and persistently high inflation has limited the ability for central banks to use monetary policy to counter any economic downturn. Because of rising imports, countries in South Asia are also more vulnerable to increases in commodity prices. Therefore, the outlook remains cautiously optimistic with a relatively large downside risk. A pick-up of growth to 5.5% can be expected in 2013 dependent on ongoing efforts to rebuild policy buffers and boost private investment. 2013-04-24T19:48:49Z 2013-04-24T19:48:49Z 2013-04-24 978-0-8213-9979-8 http://hdl.handle.net/10986/13267 en_US South Asia Economic Focus;Spring 2013 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Publications & Research :: Publication South Asia South Asia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	economic growth economic indicators economic policy economic risks foreign direct investment investment macroeconomic developments and outlook
spellingShingle	economic growth economic indicators economic policy economic risks foreign direct investment investment macroeconomic developments and outlook World Bank South Asia Economic Focus, Spring 2013 : Regaining Momentum
geographic_facet	South Asia South Asia
relation	South Asia Economic Focus;Spring 2013
description	South Asia is regaining its economic momentum, but the recovery in the world’s region with the largest number of poor people could falter in the absence of a stronger investment climate. The combined growth of Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka was just 4.7% in 2012, substantially below pre-crisis levels. Much of the recent slowdown in economic growth can be attributed to stagnating investment. Total fixed investment grew by 2.6% in 2012, down from a high of 16.7% in 2010. The performance varies widely across the region. At the same time, the region is now more vulnerable because current account balances have widened, foreign direct investment has slowed, and persistently high inflation has limited the ability for central banks to use monetary policy to counter any economic downturn. Because of rising imports, countries in South Asia are also more vulnerable to increases in commodity prices. Therefore, the outlook remains cautiously optimistic with a relatively large downside risk. A pick-up of growth to 5.5% can be expected in 2013 dependent on ongoing efforts to rebuild policy buffers and boost private investment.
format	Publications & Research :: Publication
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	South Asia Economic Focus, Spring 2013 : Regaining Momentum
title_short	South Asia Economic Focus, Spring 2013 : Regaining Momentum
title_full	South Asia Economic Focus, Spring 2013 : Regaining Momentum
title_fullStr	South Asia Economic Focus, Spring 2013 : Regaining Momentum
title_full_unstemmed	South Asia Economic Focus, Spring 2013 : Regaining Momentum
title_sort	south asia economic focus, spring 2013 : regaining momentum
publisher	Washington, DC
publishDate	2013
url	http://hdl.handle.net/10986/13267
_version_	1764423043509125120

South Asia Economic Focus, Spring 2013 : Regaining Momentum

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