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East Asia and Pacific Economic Update, November 2009 : Transforming the Rebound into Recovery

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dc.contributor.authorWorld Bank
dc.date.accessioned2012-03-19T10:04:55Z
dc.date.available2012-03-19T10:04:55Z
dc.date.issued2010
dc.description.abstractA vigorous economic rebound is under way in East Asia since the second quarter of 2009, following the sharp impact from the financial crisis and the global recession that began in late 2008. As much as the reduction in exports and industrial production across the region in the fourth quarter of 2008 and the first quarter of 2009 was unexpectedly swift and deep, so is the strength of the rebound, with doubts about green shoots dispelled in a matter of months and replaced by near-consensus views of a synchronized global rebound led by emerging East Asia. The robust rebound is due to a combination of timely and large fiscal and monetary stimulus in most countries in East Asia, notably in China, and a powerful process of inventory restocking that began after mid-2009. Globally, the advanced economies joined the rebound trend in the third quarter of 2009, and their contributions to global industrial production notably driven by inventory accumulation have begun to outpace the contribution from the East Asia region. These developments are set against a background of solid macroeconomic fundamentals, including high foreign exchange reserves, large private and corporate savings, and low corporate and government debt. The region's well-capitalized banks and much improved banking supervision since the 1997-98 Asian financial crisis have also helped limit financial contagion and the transmission of the forces of global recession.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20091210003910
dc.identifier.doi10.1596/978-0-8213-8267-7
dc.identifier.isbn978-0-8213-8267-7
dc.identifier.urihttps://hdl.handle.net/10986/2691
dc.languageEnglish
dc.publisherWorld Bank
dc.relation.ispartofseriesEast Asia and Pacific Economic Update; November 2009
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectADVANCED COUNTRIES
dc.subjectADVANCED ECONOMIES
dc.subjectADVERSE CONSEQUENCES
dc.subjectAGRICULTURE
dc.subjectASSET PRICE
dc.subjectASSET PRICES
dc.subjectBALANCE SHEETS
dc.subjectBANK CREDIT
dc.subjectBANK LENDING
dc.subjectBANK LOANS
dc.subjectBANK OFFICE
dc.subjectBANK OFFICES
dc.subjectBANKING SUPERVISION
dc.subjectBASIS POINTS
dc.subjectBENCHMARK
dc.subjectBIDS
dc.subjectBOND ISSUANCE
dc.subjectCAPACITY BUILDING
dc.subjectCAPACITY CONSTRAINTS
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL OUTFLOWS
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCASH TRANSFER
dc.subjectCASH TRANSFERS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANKS
dc.subjectCOLLATERAL
dc.subjectCOLLATERAL REQUIREMENTS
dc.subjectCOMMODITIES
dc.subjectCOMMODITY
dc.subjectCOMMODITY EXPORTS
dc.subjectCOMMODITY PRICES
dc.subjectCONSUMER SPENDING
dc.subjectCOPYRIGHT CLEARANCE
dc.subjectCOPYRIGHT CLEARANCE CENTER
dc.subjectCORPORATE DEBT
dc.subjectCORPORATE INCOME TAXES
dc.subjectCORPORATE PROFITS
dc.subjectCORPORATE SAVINGS
dc.subjectCOST STRUCTURES
dc.subjectCREDIT GROWTH
dc.subjectCREDIT LOSSES
dc.subjectCROSS-BORDER FLOWS
dc.subjectCURRENCY
dc.subjectCURRENCY APPRECIATION
dc.subjectCURRENT ACCOUNT BALANCE
dc.subjectDEBT LEVELS
dc.subjectDEPOSITS
dc.subjectDEVELOPMENT BANK
dc.subjectDEVELOPMENT STRATEGIES
dc.subjectDISBURSEMENTS
dc.subjectDISTRIBUTION OF INCOME
dc.subjectDOLLAR VALUES
dc.subjectDOMESTIC BANKS
dc.subjectDOMESTIC BOND
dc.subjectDOMESTIC ECONOMY
dc.subjectDURABLES
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC DOWNTURN
dc.subjectECONOMIC OUTLOOK
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC POLICIES
dc.subjectEQUIPMENT
dc.subjectEQUITIES
dc.subjectEQUITY INVESTORS
dc.subjectEQUITY PRICES
dc.subjectEXCHANGE MARKET
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATES
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPORT GROWTH
dc.subjectEXPORT PERFORMANCE
dc.subjectEXPORT SECTORS
dc.subjectEXPORTER
dc.subjectEXPORTERS
dc.subjectEXPORTS
dc.subjectEXTERNAL BORROWING
dc.subjectFEDERAL RESERVE
dc.subjectFINANCIAL CONTAGION
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFISCAL DEFICITS
dc.subjectFISCAL POLICIES
dc.subjectFISCAL POLICY
dc.subjectFORECASTS
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN CURRENCIES
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE MARKETS
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectFOREIGN INVESTORS
dc.subjectFOREIGN TRADE
dc.subjectGDP PER CAPITA
dc.subjectGLOBAL CAPITAL
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL MARKET
dc.subjectGLOBAL MARKETS
dc.subjectGLOBAL TRADE
dc.subjectGOVERNMENT BONDS
dc.subjectGOVERNMENT BUDGET
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT POLICIES
dc.subjectGOVERNMENT SPENDING
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH PROJECTIONS
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHOLDINGS
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD INCOMES
dc.subjectINCOME GROWTH
dc.subjectINCOME INEQUALITY
dc.subjectINCOME TAX
dc.subjectINCOME TAXES
dc.subjectINFLATION
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINITIAL PUBLIC OFFERING
dc.subjectINITIAL PUBLIC OFFERINGS
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectINSURANCE
dc.subjectINTEREST BURDENS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL BANKS
dc.subjectINVENTORIES
dc.subjectINVENTORY
dc.subjectINVESTMENT BANK
dc.subjectINVESTMENT CORPORATION
dc.subjectINVESTMENT FLOWS
dc.subjectINVESTOR CONFIDENCE
dc.subjectIPO
dc.subjectISSUANCE
dc.subjectJOB CREATION
dc.subjectLABOR MARKET
dc.subjectLENDERS
dc.subjectLIQUIDITY
dc.subjectLIVING STANDARDS
dc.subjectLOAN
dc.subjectLOCAL CURRENCY
dc.subjectLOCAL ECONOMIES
dc.subjectLOCAL GOVERNMENTS
dc.subjectLOCAL INVESTORS
dc.subjectLONG-TERM DEBT
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMACROECONOMIC POLICIES
dc.subjectMARKET SHARE
dc.subjectMATURITIES
dc.subjectMICRO ENTERPRISES
dc.subjectMICRO-ENTERPRISES
dc.subjectMIDDLE INCOME COUNTRIES
dc.subjectMIDDLE-INCOME COUNTRIES
dc.subjectMOBILE PHONE
dc.subjectMOBILE PHONES
dc.subjectMONETARY AUTHORITIES
dc.subjectMONETARY AUTHORITY
dc.subjectMONETARY FUND
dc.subjectMONETARY POLICIES
dc.subjectMONETARY POLICY
dc.subjectMORTGAGE
dc.subjectMORTGAGES
dc.subjectNET CAPITAL
dc.subjectNET EXPORTS
dc.subjectNONPERFORMING LOANS
dc.subjectOPEN COUNTRIES
dc.subjectOPEN ECONOMIES
dc.subjectOUTPUT
dc.subjectOUTPUT GAPS
dc.subjectOUTPUTS
dc.subjectOUTSOURCING
dc.subjectPENSION
dc.subjectPER CAPITA INCOME
dc.subjectPERSONAL INCOME
dc.subjectPOLICY RESPONSE
dc.subjectPOLICY RESPONSES
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO INVESTMENTS
dc.subjectPOST-CRISIS PERIOD
dc.subjectPOWER PARITY
dc.subjectPREMATURE WITHDRAWAL
dc.subjectPRICE INCREASES
dc.subjectPRIVATE INVESTMENT
dc.subjectPROTECTIONISM
dc.subjectPUBLIC COMPANIES
dc.subjectPURCHASING POWER
dc.subjectRAPID GROWTH
dc.subjectREAL ESTATE
dc.subjectREAL GDP
dc.subjectRECESSION
dc.subjectREMITTANCE
dc.subjectREMITTANCES
dc.subjectREPAYMENT
dc.subjectRESERVE REQUIREMENTS
dc.subjectRETURN
dc.subjectRETURN ON ASSETS
dc.subjectRETURNS
dc.subjectSAFETY NETS
dc.subjectSECURITIES
dc.subjectSHARE PRICES
dc.subjectSKILLED WORKERS
dc.subjectSMALL ENTERPRISES
dc.subjectSOCIAL PROTECTION
dc.subjectSPECULATIVE BUBBLES
dc.subjectSTATE ENTERPRISES
dc.subjectSTOCK EXCHANGE
dc.subjectTAX
dc.subjectTAX BREAKS
dc.subjectTELECOMMUNICATIONS
dc.subjectTRADE FINANCE
dc.subjectTRADE FINANCING
dc.subjectTRADE POLICIES
dc.subjectTRADING
dc.subjectTREASURIES
dc.subjectTROUGH
dc.subjectTURNOVER
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATES
dc.subjectVALUE ADDED
dc.subjectVERTICAL INTEGRATION
dc.subjectVOLATILE CAPITAL
dc.subjectWAGES
dc.subjectWEALTH
dc.subjectWORKING CAPITAL
dc.titleEast Asia and Pacific Economic Update, November 2009 : Transforming the Rebound into Recoveryen
dspace.entity.typePublication
okr.doctypePublications & Research::Publication
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20091210003910
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid669101468234281348
okr.identifier.doi10.1596/978-0-8213-8267-7
okr.identifier.externaldocumentum000333038_20091210003910
okr.identifier.internaldocumentum11487156
okr.identifier.report51498
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2009/12/10/000333038_20091210003910/Rendered/PDF/514980PUB0REVISION0Box345550B01PUBLIC1.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.geographicalEast Asia
okr.region.geographicalPacific
okr.region.geographicalAsia
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicMacroeconomics and Economic Growth::Economic Theory & Research
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Access to Finance
okr.unitPREM Sector Department (EASPR)
okr.volume1 of 1
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