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 b...
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Washington, DC
2013
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| Online Access: | http://hdl.handle.net/10986/14685 |
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okr-10986-14685 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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en_US |
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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 |
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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 World Bank World Bank East Asia and Pacific Economic Update, April 2013 : A Fine Balance |
| geographic_facet |
East Asia and Pacific Oceania |
| description |
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. |
| format |
Publications & Research :: Publication |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
World Bank East Asia and Pacific Economic Update, April 2013 : A Fine Balance |
| title_short |
World Bank East Asia and Pacific Economic Update, April 2013 : A Fine Balance |
| title_full |
World Bank East Asia and Pacific Economic Update, April 2013 : A Fine Balance |
| title_fullStr |
World Bank East Asia and Pacific Economic Update, April 2013 : A Fine Balance |
| title_full_unstemmed |
World Bank East Asia and Pacific Economic Update, April 2013 : A Fine Balance |
| title_sort |
world bank east asia and pacific economic update, april 2013 : a fine balance |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://hdl.handle.net/10986/14685 |
| _version_ |
1764430920234827776 |
| spelling |
okr-10986-146852021-04-23T14:03:21Z World Bank East Asia and Pacific Economic Update, April 2013 : A Fine Balance World Bank 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 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. 2013-07-31T17:37:16Z 2013-07-31T17:37:16Z 2013-04-25 978-1-4648-0077-1 2079-5874 http://hdl.handle.net/10986/14685 en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Publications & Research :: Publication East Asia and Pacific Oceania |