Publication:
World Bank East Asia and Pacific Economic Update 2012, Volume 2 : Remaining Resilient

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-07-31T18:25:47Z
dc.date.available2013-07-31T18:25:47Z
dc.date.issued2012-12
dc.description.abstractEconomies in the East Asia and Pacific (EAP) region have generally remained resilient in 2012 amidst a lackluster and, at times, volatile external environment. In 2012, the region's economy is projected to grow by 7.5 percent, lower than the 8.3 percent growth recorded in 2011, but set to recover to 7.9 percent in 2013. Growth in EAP is still the highest of any developing region and constitutes almost 40 percent of global growth. With the weakness in global demand for exports, domestic demand has remained the main driver of growth for most economies. In 2012, aside from weak external demand, the region's growth slowdown resulted from China's economic performance, which is projected to reach 7.9 percent in 2012, 1.4 percentage points lower than 2011 and the lowest annual growth rate since 1999. This decline is mainly due to lower domestic demand growth in the first part of 2012, driven by stabilization measures implemented in 2011. East Asia excluding China is expected to grow by 5.6 percent in 2012, one percentage point higher than in 2011. The rebound in economic activity in Thailand following the floods of 2011, strong growth in the Philippines, and relatively mild slowdowns in Indonesia and Vietnam contributed to this increase. Fiscal and monetary policies were generally supporting growth in 2012. More recently, monetary policy rates have rightly been held steady, as most economies now operate at or close to full capacity. For 2013, the authors expect the region to benefit from continued strong domestic demand and a mild global recovery that would nudge the contribution of net exports to growth back into positive territory, a trend projected to continue into 2014. For China, the authors expect this year's monetary easing, local fiscal stimulus and more rapid approval of large investment projects to boost growth to about 8.4 percent. By 2014, China is projected to be growing at around 8 percent, which is in line with the country's potential growth rate. This rate is gradually declining as productivity and labor force growth are tailing off. This edition of the East Asia half-yearly update introduces two new sections one that looks at selected emerging issues in the region, including Myanmar, covered for the first time in this update. The section on the medium term regional development agenda focuses on jobs and disaster risk management.en
dc.identifier.doi10.1596/978-1-4648-0075-7
dc.identifier.isbn978-1-4648-0075-7
dc.identifier.issn2078-5874
dc.identifier.urihttps://hdl.handle.net/10986/14686
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectaggregate demand
dc.subjectagriculture
dc.subjectannual growth
dc.subjectasset price
dc.subjectbalance of Payments
dc.subjectbank debt
dc.subjectbanking sector
dc.subjectbanking systems
dc.subjectbudget deficit
dc.subjectbudget deficits
dc.subjectbusiness cycle
dc.subjectcapital account
dc.subjectcapital controls
dc.subjectcapital flow
dc.subjectcapital flows
dc.subjectcapital inflows
dc.subjectcapital markets
dc.subjectcapital outflows
dc.subjectCentral bank
dc.subjectcentral banks
dc.subjectcentrally planned economy
dc.subjectcommodity prices
dc.subjectcomparative advantage
dc.subjectconsolidation
dc.subjectconsumer basket
dc.subjectConsumer price index
dc.subjectconsumers
dc.subjectConsumption growth
dc.subjectcore inflation
dc.subjectcountry markets
dc.subjectcredit growth
dc.subjectcurrency
dc.subjectcurrency appreciation
dc.subjectCurrent account
dc.subjectcurrent account deficit
dc.subjectcurrent account surplus
dc.subjectCurrent account surpluses
dc.subjectcurrent accounts
dc.subjectdebt
dc.subjectdebt Sustainability
dc.subjectdecision making
dc.subjectdeposit
dc.subjectdepreciation
dc.subjectdevelopment assistance
dc.subjectdevelopment bank
dc.subjectdiplomatic relations
dc.subjectdirect investments
dc.subjectdisaster risk management
dc.subjectdollar value
dc.subjectdomestic credit
dc.subjectdomestic demand
dc.subjectdomestic demand growth
dc.subjectdomestic interest rates
dc.subjectdomestic prices
dc.subjectdrag on growth
dc.subjecteconomic Cooperation
dc.subjecteconomic growth
dc.subjecteconomic outlook
dc.subjecteconomic performance
dc.subjecteconomic research
dc.subjecteconomic slowdown
dc.subjectelasticity
dc.subjectequilibrium
dc.subjectexchange rate
dc.subjectexchange rate arrangements
dc.subjectexchange rate system
dc.subjectexchange rates
dc.subjectexpenditure increases
dc.subjectexport growth
dc.subjectexport growth rate
dc.subjectexport growth rates
dc.subjectexport market
dc.subjectexport markets
dc.subjectexport performance
dc.subjectexport revenues
dc.subjectexport volumes
dc.subjectexporter
dc.subjectexporters
dc.subjectexports
dc.subjectexternal balances
dc.subjectexternal demand
dc.subjectexternal shocks
dc.subjectFederal reserve
dc.subjectFinancial Crisis
dc.subjectfinancial intermediation
dc.subjectFinancial market
dc.subjectfinancial sector
dc.subjectfiscal burden
dc.subjectFiscal deficit
dc.subjectfiscal deficits
dc.subjectfiscal policies
dc.subjectfiscal policy
dc.subjectfiscal reforms
dc.subjectFixed asset
dc.subjectFood price
dc.subjectforeign currency
dc.subjectForeign direct investment
dc.subjectforeign exchange
dc.subjectForeign reserves
dc.subjectGDP
dc.subjectGDP deflator
dc.subjectGDP per capita
dc.subjectglobal demand
dc.subjectglobal economy
dc.subjectglobal liquidity
dc.subjectglobal slowdown
dc.subjectGold
dc.subjectGovernment subsidies
dc.subjectgrowth performance
dc.subjectGrowth Projections
dc.subjectgrowth rate
dc.subjectGrowth rates
dc.subjectHigh-income countries
dc.subjectimport
dc.subjectimport demand
dc.subjectimport growth
dc.subjectimports
dc.subjectincome
dc.subjectincome growth
dc.subjectincome levels
dc.subjectindebtedness
dc.subjectInflation
dc.subjectinflation rate
dc.subjectinflation rates
dc.subjectinflationary pressures
dc.subjectinterest rate
dc.subjectinterest rates
dc.subjectInternational bank
dc.subjectInternational Financial Statistics
dc.subjectinternational market
dc.subjectinternational price
dc.subjectinternational reserves
dc.subjectInternational Settlements
dc.subjectinvestment booms
dc.subjectinvestment projects
dc.subjectinvestment rate
dc.subjectlabor force
dc.subjectliquidity
dc.subjectlocal currency
dc.subjectmacroeconomic management
dc.subjectmacroeconomic policies
dc.subjectmajor currencies
dc.subjectmarket access
dc.subjectmarket economy
dc.subjectmonetary authorities
dc.subjectmonetary expansions
dc.subjectmonetary Fund
dc.subjectmonetary policies
dc.subjectmonetary policy
dc.subjectmonopoly
dc.subjectmortgages
dc.subjectmultiple exchange rates
dc.subjectnational output
dc.subjectnatural disaster
dc.subjectnatural disasters
dc.subjectnatural resource
dc.subjectnatural resources
dc.subjectnet exports
dc.subjectnominal interest rate
dc.subjectnon-performing loans
dc.subjectnonperforming loans
dc.subjectoil price
dc.subjectoil prices
dc.subjectopen economy
dc.subjectoutput gap
dc.subjectper capita income
dc.subjectPortfolio
dc.subjectpotential output
dc.subjectPoverty reduction
dc.subjectprice controls
dc.subjectprice increases
dc.subjectprice inflation
dc.subjectprincipal export
dc.subjectprivate consumption
dc.subjectprivate investments
dc.subjectproductivity
dc.subjectProductivity increases
dc.subjectpublic investment
dc.subjectpublic investments
dc.subjectPurchasing power
dc.subjectPurchasing power parity
dc.subjectrapid credit expansion
dc.subjectrapid growth
dc.subjectrate of inflation
dc.subjectreal GdP
dc.subjectreal interest rate
dc.subjectrecession
dc.subjectregional growth
dc.subjectregional market
dc.subjectregional markets
dc.subjectremittances
dc.subjectreserve requirements
dc.subjectsector liberalization
dc.subjectslowdown
dc.subjectslowdowns
dc.subjectsocialist economy
dc.subjectstandard deviation
dc.subjectState bank
dc.subjectstrong capital inflows
dc.subjectsupply conditions
dc.subjectsupply side
dc.subjectsurplus
dc.subjecttarget inflation rates
dc.subjecttax
dc.subjectTelecommunications
dc.subjecttotal exports
dc.subjecttotal factor productivity
dc.subjecttrade balance
dc.subjecttrade deficit
dc.subjecttrade performance
dc.subjecttrade shock
dc.subjecttrading blocs
dc.subjecttransition path
dc.subjectunemployment
dc.subjectwages
dc.subjectwealth
dc.subjectworld development Indicators
dc.subjectworld market
dc.subjectworld trade
dc.subjectWTO
dc.titleWorld Bank East Asia and Pacific Economic Update 2012, Volume 2 : Remaining Resilienten
dspace.entity.typePublication
okr.date.disclosure2012-12-28
okr.doctypePublications & Research::Publication
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.identifier.report74578
okr.language.supporteden
okr.region.administrativeEast Asia and Pacific
okr.region.geographicalEast Asia
okr.region.geographicalOceania
okr.topicEnvironment::Environmental Economics & Policies
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth::Economic Theory & Research
okr.topicPrivate Sector Development::Emerging Markets
okr.unitPREM Sector Department (EASPR)
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