East Asia and Pacific Update, November 2007 : Will Resilience Overcome Risk?
Growth in Emerging East Asia is expected to exceed 8 percent in 2007 for a second year in succession and to moderate only slightly in 2008. Our projections for regional growth in 2007 and 2008 have been substantially increased compared to six month...
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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/229921468025505523/Will-resilience-overcome-risk http://hdl.handle.net/10986/33510 |
| Summary: | Growth in Emerging East Asia is expected
to exceed 8 percent in 2007 for a second year in succession
and to moderate only slightly in 2008. Our projections for
regional growth in 2007 and 2008 have been substantially
increased compared to six months ago, mainly due to the
unexpected and large domestic demand-led acceleration of
growth in China. Growth also picked up in most of the other
larger economies of the region, again a result of more
buoyant investment and consumption spending. Concerns about
the impact of the US sub-prime crisis and the renewed surge
in oil prices have clearly increased downside risks.
Nevertheless we expect that the stronger growth momentum in
the region will carry through 2008. There are as yet few
signs of a significant pick-up in underlying core inflation
pressures or of other domestic constraints or imbalances
that would require a marked slowing of growth. |
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