Publication:
World Bank East Asia and Pacific Economic Update 2011, Volume 1 : Securing the Present, Shaping the Future

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-07-31T21:38:23Z
dc.date.available2013-07-31T21:38:23Z
dc.date.issued2011-03
dc.description.abstractReal Gross Domestic Product (GDP) growth in East Asia has been moderating after a sharp rebound from the global crisis. The slowdown in growth since mid-2010, even though smaller than earlier projected, has occurred despite a stronger-than-expected recovery in high-income economies and only gradual withdrawal of the monetary and fiscal stimulus across the region. We project real GDP growth will settle to about 8 percent in 2011 and 2012 from about 9.6 percent in 2010. Inflation has become the key short-run challenge for the authorities in the region, complicated by a surge in portfolio capital inflows and rapidly increasing food and commodity prices that hit low-income households disproportionately. For many middle-income countries in East Asia, lowering inflation presents difficult policy choices. Most have eschewed the use of capital controls, and allowing exchange rates to appreciate may protect against importing inflation but jeopardizes international competitiveness. The sharp increase in commodity prices portends increased volatility for the foreseeable future. All commodity prices are on an upswing, some either at all-time highs or at levels exceeding those reached only two years ago. These latest price developments continue the trend that began earlier this decade of a steady climb in real commodity prices, interrupting a decade-long downward trend in the 1990s. Policies to provide incentives and ensure the investment needed to help develop new and greener energy sources, notably with low-carbon emissions and much improved energy efficiency should be a priority for governments in the region. Output growth throughout developing East Asia moderated in the second half of 2010 but was still surprisingly strong. This positive outcome reflected sustained monetary and fiscal stimulus measures and stronger growth in demand abroad, both of which partly offset the return of capacity utilization to pre-crisis levels. Real GDP growth in developing East Asia and Pacific amounted to 9.6 percent for 2010 as a whole 0.7 percentage points higher than our estimate in November 2010.en
dc.identifier.doi10.1596/978-1-4648-0071-9
dc.identifier.isbn978-1-4648-0071-9
dc.identifier.issn2079-5874
dc.identifier.urihttps://hdl.handle.net/10986/14713
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.subjectaccess to funds
dc.subjectadvanced countries
dc.subjectadvanced economies
dc.subjectagricultural output
dc.subjectagriculture
dc.subjectanti-competitive practices
dc.subjectasset price
dc.subjectasset prices
dc.subjectbalance sheets
dc.subjectbank lending
dc.subjectBank offices
dc.subjectbasis points
dc.subjectbond
dc.subjectbonds
dc.subjectbusiness environment
dc.subjectCapital flows
dc.subjectCapital inflows
dc.subjectcapital market
dc.subjectcapital market development
dc.subjectcentral bank
dc.subjectcentral banks
dc.subjectcollateral
dc.subjectcommodities
dc.subjectCommodity
dc.subjectcommodity prices
dc.subjectcompetitive advantage
dc.subjectcompetitiveness
dc.subjectconnectivity
dc.subjectconsumer spending
dc.subjectcontingent liabilities
dc.subjectCopyright Clearance
dc.subjectCopyright Clearance Center
dc.subjectcurrency
dc.subjectcurrency appreciation
dc.subjectcurrent account surplus
dc.subjectcurrent account surpluses
dc.subjectdebt
dc.subjectdebt securities
dc.subjectdecision making
dc.subjectdeposit
dc.subjectdeposit rates
dc.subjectdevaluations
dc.subjectdeveloping countries
dc.subjectdeveloping economies
dc.subjectDevelopment Bank
dc.subjectdomestic economy
dc.subjectdomestic liquidity
dc.subjecteconomic cooperation
dc.subjecteconomic crisis
dc.subjecteconomic development
dc.subjecteconomic developments
dc.subjecteconomic expansion
dc.subjectEconomic Geography
dc.subjecteconomic growth
dc.subjecteconomic integration
dc.subjecteconomic performance
dc.subjecteconomic power
dc.subjectelasticity
dc.subjectelectronic communications
dc.subjectemerging markets
dc.subjectenvironmental sustainability
dc.subjectequities
dc.subjectequity issuance
dc.subjectequity issues
dc.subjectequity markets
dc.subjectequity prices
dc.subjectExchange market
dc.subjectexchange rate
dc.subjectexchange rates
dc.subjectexport growth
dc.subjectexporter
dc.subjectexporters
dc.subjectexternal trade
dc.subjectfinancial crisis
dc.subjectfinancial infrastructure
dc.subjectFinancial integration
dc.subjectfinancial intermediaries
dc.subjectfinancial markets
dc.subjectfinancial sector
dc.subjectfiscal consolidation
dc.subjectfiscal deficit
dc.subjectfiscal deficits
dc.subjectfiscal policies
dc.subjectfiscal policy
dc.subjectfixed investment
dc.subjectForecasts
dc.subjectforeign competition
dc.subjectforeign currencies
dc.subjectForeign Direct Investment
dc.subjectforeign exchange
dc.subjectforeign exchange reserves
dc.subjectforeign interest
dc.subjectforeign investment
dc.subjectforeign investors
dc.subjectFree Trade
dc.subjectFree Trade Agreement
dc.subjectGDP per capita
dc.subjectGlobal capital
dc.subjectGlobal capital flows
dc.subjectglobal diversification
dc.subjectGlobal Economic Prospects
dc.subjectglobal economy
dc.subjectglobal exports
dc.subjectglobal market
dc.subjectglobal markets
dc.subjectglobal risk
dc.subjectgovernment action
dc.subjectgovernment bonds
dc.subjectgovernment budgets
dc.subjectgovernment debt
dc.subjectgovernment securities
dc.subjectgovernment subsidies
dc.subjectgreen investments
dc.subjectGross domestic product
dc.subjectgrowth rates
dc.subjectHarmonization
dc.subjectholdings
dc.subjectholdings of government securities
dc.subjecthourly wage
dc.subjecthourly wages
dc.subjecthuman capital
dc.subjectincome
dc.subjectincome levels
dc.subjectincomes
dc.subjectinformation flows
dc.subjectInfrastructure investment
dc.subjectinitial public offerings
dc.subjectinsurance
dc.subjectinterest rate
dc.subjectinterest rates
dc.subjectInternational Bank
dc.subjectInternational Finance
dc.subjectInternational Settlements
dc.subjectinventory
dc.subjectInvestment Climate
dc.subjectinvestment rates
dc.subjectissuance
dc.subjectlabor market
dc.subjectliberalization
dc.subjectliquidity
dc.subjectliving standards
dc.subjectlocal currency
dc.subjectlow-income countries
dc.subjectmacroeconomic policy
dc.subjectmacroeconomic stability
dc.subjectmarket participants
dc.subjectmarket share
dc.subjectmarket structures
dc.subjectMiddle Income Countries
dc.subjectmiddle-income countries
dc.subjectmiddle-income economies
dc.subjectmonetary authorities
dc.subjectmonetary policy
dc.subjectmortgage
dc.subjectmortgage loans
dc.subjectnational development
dc.subjectnational infrastructure
dc.subjectnatural disaster
dc.subjectnatural disasters
dc.subjectnatural resource
dc.subjectnatural resources
dc.subjectNon-performing loans
dc.subjectopen economies
dc.subjectoutput
dc.subjectoutput gap
dc.subjectpatents
dc.subjectPension
dc.subjectpensions
dc.subjectper capita income
dc.subjectPremature withdrawal
dc.subjectprivate capital
dc.subjectprivate capital flows
dc.subjectprivate investment
dc.subjectproduction structures
dc.subjectproductivity growth
dc.subjectproductivity increases
dc.subjectPublic debt
dc.subjectrapid expansion
dc.subjectrapid growth
dc.subjectreal estate
dc.subjectReal exchange rates
dc.subjectReal GDP
dc.subjectregional integration
dc.subjectregional trade
dc.subjectregulatory frameworks
dc.subjectReserve Fund
dc.subjectreserve requirements
dc.subjectreserves
dc.subjectreturn
dc.subjectReturns
dc.subjectReturns on bonds
dc.subjectrisk aversion
dc.subjectrisk management
dc.subjectsavings
dc.subjectShare prices
dc.subjectskill shortages
dc.subjectsmall countries
dc.subjectsovereign bond
dc.subjectsustainable growth
dc.subjecttax
dc.subjecttaxation
dc.subjecttelecommunications
dc.subjecttrade balance
dc.subjecttrade barriers
dc.subjecttransparency
dc.subjectTreasuries
dc.subjecttrough
dc.subjectunemployment
dc.subjecturban development
dc.subjecturbanization
dc.subjectvertical integration
dc.subjectvolatility
dc.subjectwage rates
dc.subjectwealth
dc.subjectWorld Development Indicators
dc.subjectworld economy
dc.subjectworld markets
dc.subjectWTO
dc.titleWorld Bank East Asia and Pacific Economic Update 2011, Volume 1 : Securing the Present, Shaping the Futureen
dspace.entity.typePublication
okr.date.disclosure2011-04-01
okr.doctypePublications & Research::Publication
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.identifier.report60619
okr.language.supporteden
okr.region.administrativeEast Asia and Pacific
okr.region.geographicalEast Asia
okr.region.geographicalOceania
okr.sectorAgriculture, fishing, and forestry
okr.sectorPublic Administration, Law, and Justice :: General public administration sector
okr.sectorFinance
okr.sectorIndustry and trade
okr.themeEconomic management :: Analysis of economic growth
okr.themeEconomic management :: Macroeconomic management
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
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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