East Asia Update, November 2004 : Steering a Steady Course
This report discusses the number of cross-currents and risks within and without the East Asia region. One of the concerns discussed is the steep spike in world oil prices, which will reduce incomes among the majority of economies in the region tha...
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| Format: | Serial |
| Language: | English |
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/642671468032402335/Steering-a-steady-course http://hdl.handle.net/10986/33505 |
| Summary: | This report discusses the number of
cross-currents and risks within and without the East Asia
region. One of the concerns discussed is the steep spike in
world oil prices, which will reduce incomes among the
majority of economies in the region that are net energy
importers, as well as among the developed nations which
comprise Emerging East Asias major extra-regional export
markets - the United States, Japan and Europe. The report
also reviews the affects of oil prices, as well as a variety
of domestic factors and the fact that growth in the
developed world shifted to a lower pace in the second
quarter of 2004, most notably in Japan and to a lesser
extent in the U.S., while monthly indicators suggested
softening activity in Europe in the third quarter. Also
discussed is the growth pause in the developed world and the
likelihood of another cyclical downturn in the global high
tech industry, a concern for East Asia which is now the
leading location for manufacturing and assembly in this
industry. The study notes that East Asian decision makers
are also giving much attention to the outlook for China. |
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