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World Bank East Asia and Pacific Economic Update 2012, Volume 1

2013
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Release : 2013
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Book Synopsis World Bank East Asia and Pacific Economic Update 2012, Volume 1 by : World Bank

Download or read book World Bank East Asia and Pacific Economic Update 2012, Volume 1 written by World Bank. This book was released on 2013. Available in PDF, EPUB and Kindle. Book excerpt: The World Bank East Asia and Pacific Economic Update is a comprehensive, twice-yearly review of the region's economies prepared by the East Asia and Pacific region of the World Bank. In this edition, the report notes that growth in developing East Asia and Pacific has remained strong, though it has been slowing from its post-crisis peaks. Domestic demand and investment were generally strong and aided by loosening of monetary policy in some countries. Overall the number of people living in poverty has been cut in half in the last decade in East Asia and Pacific. Domestic demand has proved resilient to shocks; most countries run current account surpluses and hold high levels of international reserves; and banking systems are generally well-capitalized. As external demand is likely to remain weak, countries in developing East Asia and Pacific need to rely less on exports and more on domestic demand to maintain high growth.

World Bank East Asia and Pacific Economic Update 2012

2013-06-27 East Asia
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Release : 2013-06-27
Genre : East Asia
Kind : eBook
Book Rating : 766/5 ( reviews)

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Book Synopsis World Bank East Asia and Pacific Economic Update 2012 by : World Bank

Download or read book World Bank East Asia and Pacific Economic Update 2012 written by World Bank. This book was released on 2013-06-27. Available in PDF, EPUB and Kindle. Book excerpt: "Growth in developing East Asia and the Pacific remained strong in 2011, although it slowed from its post-crisis peaks. Strong domestic demand offset weaker external demand from the United States and Western Europe. Looking ahead, the external environment is likely to remain weak. The best prospects for the region to maintain high rates of growth, job creation, and poverty reduction are through rebalancing towards domestic demand and investing in productivity increases and further international integration. Developing East Asia grew by 8.2 percent in 2011 (4.3 percent excluding China), a sharp decline from the nearly 10 percent growth rate recorded in 2010 (7.0 percent excluding China). This slowdown was largely due to lower-thanexpected growth in manufacturing exports and supply disruptions in the wake of the Japan earthquake and tsunami and the severe flooding in Thailand, Lao, PDR, and Cambodia. Domestic demand and investment compensated for these factors and were aided by monetary policy loosening in some countries. Yet, for many countries, this pace of growth was a return to pre-crisis growth trends following the 2010 rebound that followed the global financial and economic crisis. East Asian growth remained impressive on a global scale. In 2011, growth was around a percentage point higher than in South Asia and around 3 percentage points higher than in Eastern Europe and Latin America. Poverty continued to fall across the region with the number of people living on less than US$2 a day expected to decrease to 513 million by 2012 from 565 million in 2010. Yet much of this is driven by gains in China, and the rate of poverty reduction seems to be slowing in step with moderating economic expansion in China and other parts of the region."--page 1.

World Bank East Asia and Pacific Economic Update 2012

2013-06-27 East Asia
Download World Bank East Asia and Pacific Economic Update 2012 PDF Online Free

Author :
Release : 2013-06-27
Genre : East Asia
Kind : eBook
Book Rating : 758/5 ( reviews)

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Book Synopsis World Bank East Asia and Pacific Economic Update 2012 by : World Bank

Download or read book World Bank East Asia and Pacific Economic Update 2012 written by World Bank. This book was released on 2013-06-27. Available in PDF, EPUB and Kindle. Book excerpt: The World Bank East Asia and Pacific Economic Update is a comprehensive, twice-yearly review of the region's economies prepared by the East Asia and Pacific region of the World Bank. In this edition, the report notes that the region is expected to contribute almost 40 percent of global growth in 2012, and a similar share in 2013. China's economic slowdown affected the region's economic performance. China's growth is projected to reach 7.9 percent this year, 1.4 percentage points lower than last year's 9.3 percent and the lowest growth rate since 1999. For 2014, we expect most countries in the region to benefit from a mild recovery in advanced countries as well as continued strong domestic demand. For economies in the region that face difficulties in budget execution, particularly of the capital budget, fiscal interventions could focus on increasing private domestic demand, such as targeted social assistance or investment tax credits.

World Bank East Asia and Pacific Economic Update, April 2024

2024-04 Business & Economics
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Release : 2024-04
Genre : Business & Economics
Kind : eBook
Book Rating : 02X/5 ( reviews)

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Book Synopsis World Bank East Asia and Pacific Economic Update, April 2024 by : World Bank

Download or read book World Bank East Asia and Pacific Economic Update, April 2024 written by World Bank. This book was released on 2024-04. Available in PDF, EPUB and Kindle. Book excerpt: Most economies in developing East Asia and Pacific (EAP) are growing faster than the rest of the world but slower than before the pandemic. Slowing global growth, still tight financial conditions, and an increase in trade protection and industrial support in large and rich countries are key aspects of the external environment shaping the region's economic performance. Amplified public and private debt, constrained macroeconomic policy, and increased policy uncertainty are the major domestic issues. EAP's current macroeconomic challenges risk obscuring the microeconomic foundations of longer-term growth. Over the last decade, EAP's growth has been driven by investment and capital deepening rather than by increased productivity of firms. Now private investment is weak and productivity declining†“further inhibiting the incentive to invest. Firms are the protagonists of productivity growth. Some of the weaker firms in EAP countries are beginning to catch up with stronger firms. But the stronger firms in the region are failing to take full advantage of new technologies: regional leaders risk becoming global laggards. Bold policy action to unleash competition, improve infrastructure and reform education with measured state support could revitalize the region's economy.

World Bank East Asia and Pacific Economic Update, Spring 2021

2021 Business & Economics
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Release : 2021
Genre : Business & Economics
Kind : eBook
Book Rating : 022/5 ( reviews)

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Book Synopsis World Bank East Asia and Pacific Economic Update, Spring 2021 by : World Bank

Download or read book World Bank East Asia and Pacific Economic Update, Spring 2021 written by World Bank. This book was released on 2021. Available in PDF, EPUB and Kindle. Book excerpt: A year after the first case was confirmed in Wuhan COVID-19 is proving hard to suppress even, while the emergence of more transmissible variants of the variant poses new challenges to the containment of the disease globally. The economies of the region began to bounce back in the second half of 2020. However, only China and Vietnam have followed a V-shape recovery path with output surpassing pre-COVID-19 levels. Most of the other countries have not seen a full-fledged recovery in terms of either output or growth momentum. Economic performance across countries continues to depend on (i) the efficiency with which the virus is contained; (ii) the ability to take advantage of the revival in international goods trade; and (iii) the capacity of governments to provide fiscal and monetary support. China and Vietnam are expected to enjoy strong growth in 2021, whereas other economies in the region will grow more gradually. Many economies, especially in the Pacific islands are not expected to reach pre-COVID-19 levels of output until 2022 or later. Governments in the region need to work cooperatively to address three key issues: (i) a regional and global distribution of vaccines that minimizes the risk of a continued spread of COVID-19 and its variants; (ii) continue to provide economic support to their economies while carefully evaluating the trade-offs between the need for further stimulus and debt sustainability; and (iii) enact policies and prioritize investments that protect against climate risk to ensure sustainable economic growth.

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