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| asia economic outlook 2023: Economic Outlook for Southeast Asia, China and India 2021 Reallocating Resources for Digitalisation OECD, 2021-02-04 The 2021 edition of the Outlook addresses reallocation of resources to digitalisation in response to COVID-19, with special focuses on health, education and Industry 4.0. During the COVID-19 crisis, digitalisation has proved critical to ensuring the continuity of essential services. |
| asia economic outlook 2023: Asian Development Outlook 2020 Asian Development Bank, 2020-04-01 After a disappointing 2019, growth prospects in developing Asia have worsened under the impact of the current health crisis. Signs of incipient recovery near the turn of this year were quickly overthrown as COVID-19 broke out in January 2020 in the region’s largest economy and subsequently expanded into a global pandemic. Disruption to regional and global supply chains, trade, and tourism, and the continued spread of the outbreak, leave the region reeling under massive economic shocks and financial turmoil. Across Asia, the authorities are responding with policies to contain the outbreak, facilitate medical interventions, and support vulnerable businesses and households. Assuming that the outbreak is contained this year, growth is expected to recover in 2021. Especially to face down fundamental threats such as the current medical emergency, innovation is critical to growth and development. As some economies in developing Asia challenge the innovation frontier, many others lag. More and better innovation is needed in the region to sustain growth that is more inclusive and environmentally sustainable. Five key drivers of innovation are sound education, productive entrepreneurship, high-quality institutions, efficient financial systems, and dynamic cities that excite knowledge exchange. The journey to creating an innovative society takes long-term commitment and hard work. |
| asia economic outlook 2023: Economic Outlook for Southeast Asia, China and India 2014 Beyond the Middle-Income Trap OECD, 2013-11-14 This book contains a medium-term (five-year) economic outlook for Southeast Asia, China and India. |
| asia economic outlook 2023: Asian Development Outlook 2020 Update Asian Development Bank, 2020-09-01 Developing Asia has suffered as the COVID-19 pandemic persists. Growth, trade, and tourism collapsed in 2020, leading to the region’s first economic contraction in nearly 6 decades. Governments across Asia acted quickly to contain the virus and its economic effects, and signs of bottoming out have now appeared. Inflation remains benign, constrained by depressed demand and declining food prices. A prolonged pandemic is the primary downside risk to the outlook. Persistent or renewed outbreaks and a return to stringent containment could possibly derail the recovery and trigger financial turmoil. Recovery depends on measures to address the health crisis and on continued policy support. The pandemic has highlighted the importance of wellness, both physical and mental. Wellness—the pursuit of holistic health and well-being—is a component of the UN’s Sustainable Development Goals. This report evaluates the state of wellness in Asia, documents how the wellness economy is a large and growing part of the region’s economy, and discusses how policy makers can promote wellness by creating healthy living environments, encouraging physical activity and healthy diets, and enhancing workplace wellness. |
| asia economic outlook 2023: Meeting Asia's Infrastructure Needs Asian Development Bank, 2017-02-01 Infrastructure is essential for development. This report presents a snapshot of the current condition of developing Asia's infrastructure---defined here as transport, power, telecommunications, and water supply and sanitation. It examines how much the region has been investing in infrastructure and what will likely be needed through 2030. Finally, it analyzes the financial and institutional challenges that will shape future infrastructure investment and development. |
| asia economic outlook 2023: World Economic Outlook, October 2020 International Monetary Fund. Research Dept., 2020-10-13 The global economy is climbing out from the depths to which it had plummeted during the Great Lockdown in April. But with the COVID-19 pandemic continuing to spread, many countries have slowed reopening and some are reinstating partial lockdowns to protect susceptible populations. While recovery in China has been faster than expected, the global economy’s long ascent back to pre-pandemic levels of activity remains prone to setbacks. |
| asia economic outlook 2023: Global Economic Prospects, June 2021 World Bank, 2021-08-03 The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominent among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies. |
| asia economic outlook 2023: Realizing Indonesia's Economic Potential Mr.Luis E Breuer, Mr.Jaime Guajardo, Mr.Tidiane Kinda, 2018-08-01 Analytical work on Indonesian macroeconomic and financial issues, with an overarching theme on building institutions and policies for prosperity and inclusive growth. The book begins with a 20-year economic overview by former Finance Minister Chatib Basri, with subsequent chapters covering diverse sectors of the economy as well as Indonesia’s place in the global economy. |
| asia economic outlook 2023: People's Republic of China International Monetary Fund. Asia and Pacific Dept, 2017-08-15 This Selected Issues paper examines the drivers and prospects for high levels of savings in China. China has one of the highest levels of national savings in the world, which is at the heart of its external and internal imbalances. High and rising household savings have mainly resulted from demographic changes as a result of the one-child policy and the breakdown of the social safety net during the transition from a planned to a market economy. Demographic changes will put downward pressure on national savings. Policy efforts to strengthen the social safety net and reduce income inequality are also needed to reduce savings further and faster and to boost consumption. |
| asia economic outlook 2023: Asian Development Outlook (ADO) 2021 Asian Development Bank, 2021-04-28 This report presents economic prospects for developing Asia and the Pacific. It includes analysis of the impacts of school closures caused by the pandemic and a theme chapter on financing a green and inclusive recovery. The theme chapter on financing a green and inclusive recovery explores the drivers and impacts of green and social finance and its prospects in the region. Recently, financial gain has joined altruistic motives for investment, which bodes well for future expansion. Policies implemented through regulatory and fiscal measures can further accelerate the development of green and social finance. |
| asia economic outlook 2023: Asian Development Outlook 2019 Asian Development Bank, 2019-04-01 The annual Asian Development Outlook, now in its 30th year, analyzes economic performance in the past year and forecasts performance in the next 2 years for the 45 economies in Asia and the Pacific that make up developing Asia. Growth prospects in developing Asia remain strong despite persistent external headwinds responsible for moderating expansion since 2017. Global trade and economic activity weakened toward the end of 2018, slowing growth in many economies in the region. The outlook is cloudy with risks that tilt to the downside. A drawn-out trade conflict could undermine trade and investment in the region, and US fiscal policy and the consequences of a disorderly Brexit could weigh on growth in the advanced economies and the People's Republic of China. Though the risk of sharp increases in US interest rates has subsided, policy makers must stay vigilant. Disasters are shaped by natural hazards and the dynamics of the economy, society, and environment in which they occur. They pose a growing threat to development and prosperity in the region, their consequences disproportionately severe in developing countries, especially for the poor and marginalized. As developing Asia is home to more than four-fifths of the people affected by disasters globally in the past 2 decades, the region must strengthen its disaster resilience. This means integrating disaster risk reduction into national development and investment plans, spending more on prevention for a better balance with spending on rescue and recovery, and pooling risk through insurance and reinsurance. |
| asia economic outlook 2023: The Central Asian Economies in the Twenty-First Century Richard Pomfret, 2019-01-15 This book analyzes the Central Asian economies of Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan, from their buffeting by the commodity boom of the early 2000s to its collapse in 2014. Richard Pomfret examines the countries’ relations with external powers and the possibilities for development offered by infrastructure projects as well as rail links between China and Europe. The transition of these nations from centrally planned to market-based economic systems was essentially complete by the early 2000s, when the region experienced a massive increase in world prices for energy and mineral exports. This raised incomes in the main oil and gas exporters, Kazakhstan and Turkmenistan; brought more benefits to the most populous country, Uzbekistan; and left the poorest countries, the Kyrgyz Republic and Tajikistan, dependent on remittances from migrant workers in oil-rich Russia and Kazakhstan. Pomfret considers the enhanced role of the Central Asian nations in the global economy and their varied ties to China, the European Union, Russia, and the United States. With improved infrastructure and connectivity between China and Europe (reflected in regular rail freight services since 2011 and China’s announcement of its Belt and Road Initiative in 2013), relaxation of United Nations sanctions against Iran in 2016, and the change in Uzbekistan’s presidency in late 2016, a window of opportunity appears to have opened for Central Asian countries to achieve more sustainable economic futures. |
| asia economic outlook 2023: OECD Economic Outlook, Volume 2019 Issue 1 OECD, 2019-05-21 This issue includes a general assessment, a special chapter on the effects of digitalisation on productivity and a chapter summarising developments and providing projections for each individual country. |
| asia economic outlook 2023: Impact Of Covid-19 On Asian Economies And Policy Responses Sumit Agarwal, Zhiguo He, Bernard Yeung, 2020-12-23 On March 12th 2020, World Health Organization (WHO) declared the spreading of the new virus, 2019-nCoV, a pandemic. In Asia, the virus, more commonly referred to as COVID-19, has been spreading since the end of December. To contain the public health threat, almost all countries enforced a variety of measures, including lockdowns, to minimize face-to-face human interactions between the infected and the susceptible.While these vigilant measures save lives, they also generate a substantial negative economic shock that immediately halts demand and significantly disrupts supply, global production value chain and trade. The consequences are dire — considerable decline in output, massive surge in unemployment, countless bankruptcy cases, and unrelentless worries over financial stability. The result, a worldwide economic setback, is more severe than that experienced during the Great Financial Crisis of 2008-2009.Asia's experiences with COVID-19 precede that in the West. This fortuitous timing allows Asia to share its learnings drawn from experiences to benefit the world.The Asian Bureau of Finance and Economic Research's (ABFER) community has gathered a collection of insights to inform the public. Besides providing access to research on the pandemic conducted in Asia, these commentaries offer comprehensive information on the effects of the pandemic, the effectiveness of measures employed to contain it and the subsequent economic impacts from such implementation. With granular analyses of government policies and their associated economic rescue packages, these commentaries elucidate the hard trade-offs between public health protection and economic security. Finally, the commentaries address the broader impact of the pandemic on international trade, global value chains and society. |
| asia economic outlook 2023: Global Productivity Alistair Dieppe, 2021-06-09 The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD |
| asia economic outlook 2023: Thailand: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand International Monetary, International Monetary Fund. Asia and Pacific Dept, 2021-06-03 A nascent recovery is underway in Thailand following the COVID-19 downturn. Ample policy buffers, underpinned by judicious management of public finances, allowed the authorities to implement a multipronged package of fiscal, monetary, and financial policies to mitigate the COVID-19 impact on households, businesses, and the financial system. This, together with rigorous containment measures, led to a successful flattening of the infection curve during most of 2020. Nevertheless, the pandemic has taken a large toll on the economy, potentially inducing long-term scarring and increasing inequality. |
| asia economic outlook 2023: World Economic Outlook, October 2019 International Monetary Fund. Research Dept., 2019-10-15 Global growth is forecast at 3.0 percent for 2019, its lowest level since 2008–09 and a 0.3 percentage point downgrade from the April 2019 World Economic Outlook. |
| asia economic outlook 2023: Global Trends 2040 National Intelligence Council, 2021-03 The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come. -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading. |
| asia economic outlook 2023: Europe and Central Asia Economic Update, Fall 2019 World Bank, 2019-10-09 The share of immigrants in Western and Eastern Europe has increased rapidly over the past four decades. Today, one of every three immigrants in the world goes to Europe. Furthermore, although globally only one-third of migration takes place within regions, intraregional migration is especially high within Europe and Central Asia, with 80 percent of the region's emigrants choosing to move to other countries in the region. In high-income destination countries, migrants are often blamed for high unemployment and declining social services. There are also widespread concerns about brain drain in the migrant sending countries of Eastern Europe, the Western Balkans, and Central Asia. This update focuses on the design of policies on labor mobility and presents the trends, determinants, and impacts of low- and high-skilled labor. |
| asia economic outlook 2023: International Energy Outlook , 1986 |
| asia economic outlook 2023: OECD Economic Outlook, Volume 2017 Issue 2 OECD, 2017-12-19 The OECD Economic Outlook is the OECD's twice-yearly analysis of the major economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances. |
| asia economic outlook 2023: Asian Economic Integration Report 2018 Asian Development Bank, 2018-10 This report documents Asia's progress in regional cooperation and integration. This publication documents Asia's progress in regional cooperation and integration. It covers the 48 regional members of the Asian Development Bank and analyzes regional as well as global economic linkages. The 2018 report's special chapter Toward Optimal Provision of Regional Public Goods in Asia and the Pacific examines how collective action among countries can help find solutions to growing transnational development challenges. The special chapter also discusses how to best provide regional public goods that transcend the so-called collective action problem which occurs when individual interests are too weak on their own to drive cooperation on common issues. |
| asia economic outlook 2023: Poverty in the Philippines Asian Development Bank, 2009-12-01 Against the backdrop of the global financial crisis and rising food, fuel, and commodity prices, addressing poverty and inequality in the Philippines remains a challenge. The proportion of households living below the official poverty line has declined slowly and unevenly in the past four decades, and poverty reduction has been much slower than in neighboring countries such as the People's Republic of China, Indonesia, Thailand, and Viet Nam. Economic growth has gone through boom and bust cycles, and recent episodes of moderate economic expansion have had limited impact on the poor. Great inequality across income brackets, regions, and sectors, as well as unmanaged population growth, are considered some of the key factors constraining poverty reduction efforts. This publication analyzes the causes of poverty and recommends ways to accelerate poverty reduction and achieve more inclusive growth. it also provides an overview of current government responses, strategies, and achievements in the fight against poverty and identifies and prioritizes future needs and interventions. The analysis is based on current literature and the latest available data, including the 2006 Family Income and Expenditure Survey. |
| asia economic outlook 2023: China and East Asia's Post-Crises Community Wei Liang, Faizullah Khilji, 2012-10-04 China and East Asia’s Post-Crises Community: A Region in Flux, by Wei Liang and Faizullah Khilji, explores how an East Asian community is taking shape as a result of China’s emergence as a global economic power and the shocks of the financial crises emanating from the globalized financial system. Today’s East Asia shows a sharp break from the East Asia of the Cold War era, in both basis and orientation. Important elements in this shift include the regional economic integration propelled by China’s emergence as a processed manufacturing center in the world economy, the common problems posed by the working of the dollar-based international financial system, and the desire to develop institutions that help to formalize the economic integration and financial cooperation that is taking place, and may thus help protect and safeguard economic prosperity in the region. Liang and Khilji show how the approach to regional economic cooperation and developing institutions comes from the bottom up, lacking any leader nation, grand vision, or ideology. The manner in which the region comes to work together also has implications for the governance of the world economy, in particular the economic model that underlies policy formulation, the working of the international financial system, and the approach to the multilateral trading system.From a security oriented US-centric regional structure characterized as the hub and spokes system set up after the Second World War, this region is now more nearly an informal economic community, which increasingly appears to be China-centric. China and East Asia’s Post Crises Community presents one of the first attempts to weave together different strands of the current discussion to develop a framework for understanding a rapidly evolving East Asia region. |
| asia economic outlook 2023: OECD Digital Education Outlook 2021 Pushing the Frontiers with Artificial Intelligence, Blockchain and Robots OECD, 2021-06-08 How might digital technology and notably smart technologies based on artificial intelligence (AI), learning analytics, robotics, and others transform education? This book explores such question. It focuses on how smart technologies currently change education in the classroom and the management of educational organisations and systems. |
| asia economic outlook 2023: Nigeria International Monetary Fund. African Dept., 2018-03-07 This Selected Issues paper analyzes mobilization of tax revenues in Nigeria. Low non-oil revenue mobilization is affecting the government’s objectives to expand growth-enhancing expenditure priorities, foster higher growth, and comply with its fiscal rule which limits the federal government deficit to no more than 3 percent of GDP. There is significant revenue potential from structural tax measures. A broad-based and comprehensive tax reform program is needed in the short and medium term to address these objectives and generate sustainable revenue growth by broadening the bases of income and consumption taxes, closing loopholes and leakage created by corporate tax holidays and the widespread use of other associated tax expenditures, as well as creating incentives for the subnational tiers of government to raise their own source revenues. |
| asia economic outlook 2023: China's Economic Rise Congressional Research Service, 2017-09-17 Prior to the initiation of economic reforms and trade liberalization 36 years ago, China maintained policies that kept the economy very poor, stagnant, centrally-controlled, vastly inefficient, and relatively isolated from the global economy. Since opening up to foreign trade and investment and implementing free market reforms in 1979, China has been among the world's fastest-growing economies, with real annual gross domestic product (GDP) growth averaging nearly 10% through 2016. In recent years, China has emerged as a major global economic power. It is now the world's largest economy (on a purchasing power parity basis), manufacturer, merchandise trader, and holder of foreign exchange reserves.The global economic crisis that began in 2008 greatly affected China's economy. China's exports, imports, and foreign direct investment (FDI) inflows declined, GDP growth slowed, and millions of Chinese workers reportedly lost their jobs. The Chinese government responded by implementing a $586 billion economic stimulus package and loosening monetary policies to increase bank lending. Such policies enabled China to effectively weather the effects of the sharp global fall in demand for Chinese products, but may have contributed to overcapacity in several industries and increased debt by Chinese firms and local government. China's economy has slowed in recent years. Real GDP growth has slowed in each of the past six years, dropping from 10.6% in 2010 to 6.7% in 2016, and is projected to slow to 5.7% by 2022.The Chinese government has attempted to steer the economy to a new normal of slower, but more stable and sustainable, economic growth. Yet, concerns have deepened in recent years over the health of the Chinese economy. On August 11, 2015, the Chinese government announced that the daily reference rate of the renminbi (RMB) would become more market-oriented. Over the next three days, the RMB depreciated against the dollar and led to charges that China's goal was to boost exports to help stimulate the economy (which some suspect is in worse shape than indicated by official Chinese economic statistics). Concerns over the state of the Chinese economy appear to have often contributed to volatility in global stock indexes in recent years.The ability of China to maintain a rapidly growing economy in the long run will likely depend largely on the ability of the Chinese government to implement comprehensive economic reforms that more quickly hasten China's transition to a free market economy; rebalance the Chinese economy by making consumer demand, rather than exporting and fixed investment, the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental protection. The Chinese government has acknowledged that its current economic growth model needs to be altered and has announced several initiatives to address various economic challenges. In November 2013, the Communist Party of China held the Third Plenum of its 18th Party Congress, which outlined a number of broad policy reforms to boost competition and economic efficiency. For example, the communique stated that the market would now play a decisive role in allocating resources in the economy. At the same time, however, the communique emphasized the continued important role of the state sector in China's economy. In addition, many foreign firms have complained that the business climate in China has worsened in recent years. Thus, it remains unclear how committed the Chinese government is to implementing new comprehensive economic reforms.China's economic rise has significant implications for the United States and hence is of major interest to Congress. This report provides background on China's economic rise; describes its current economic structure; identifies the challenges China faces to maintain economic growth; and discusses the challenges, opportunities, and implications of China's economic rise. |
| asia economic outlook 2023: Vietnam 2035 World Bank Group;Ministry of Planning and Investment of Vietnam, 2016-11-07 Thirty years of Ä?ổi Má»›i (economic renovation) reforms have catapulted Vietnam from the ranks of the world’s poorest countries to one of its great development success stories. Critical ingredients have been visionary leaders, a sense of shared societal purpose, and a focus on the future. Starting in the late 1980s, these elements were successfully fused with the embrace of markets and the global economy. Economic growth since then has been rapid, stable, and inclusive, translating into strong welfare gains for the vast majority of the population. But three decades of success from reforms raises expectations for the future, as aptly captured in the Vietnamese constitution, which sets the goal of “a prosperous people and a strong, democratic, equitable, and civilized country.†? There is a firm aspiration that by 2035, Vietnam will be a modern and industrialized nation moving toward becoming a prosperous, creative, equitable, and democratic society. The Vietnam 2035 report, a joint undertaking of the Government of Vietnam and the World Bank Group, seeks to better comprehend the challenges and opportunities that lie ahead. It shows that the country’s aspirations and the supporting policy and institutional agenda stand on three pillars: balancing economic prosperity with environmental sustainability; promoting equity and social inclusion to develop a harmonious middle- class society; and enhancing the capacity and accountability of the state to establish a rule of law state and a democratic society. Vietnam 2035 further argues that the rapid growth needed to achieve the bold aspirations will be sustained only if it stands on faster productivity growth and reflects the costs of environmental degradation. Productivity growth, in turn, will benefit from measures to enhance the competitiveness of domestic enterprises, scale up the benefits of urban agglomeration, and build national technological and innovative capacity. Maintaining the record on equity and social inclusion will require lifting marginalized groups and delivering services to an aging and urbanizing middle-class society. And to fulfill the country’s aspirations, the institutions of governance will need to become modern, transparent, and fully rooted in the rule of law. |
| asia economic outlook 2023: Regional Economic Outlook: Asia and Pacific, May 2023 International Monetary Fund. Asia and Pacific Dept, 2023-05 Growth in Asia and the Pacific is projected to increase this year to 4.6 percent, up from 3.8 percent in 2022, an upgrade of 0.3 percent from the October 2022 World Economic Outlook. This means the region would contribute over 70 percent to global growth. Asia’s dynamism will be driven primarily by the recovery in China and resilient growth in India, while growth in the rest of Asia is expected to bottom out in 2023, in line with other regions. However, this dynamic outlook does not imply that policymakers in the region can afford to be complacent. The pressures from diminished global demand will weigh on the outlook. Headline inflation has been easing, but remains above targets in most countries, while core inflation has proven to be sticky. Although spillovers from turmoil in the European and US banking sectors have been limited thus far, vulnerabilities to global financial tightening and volatile market conditions, especially in the corporate and household sectors, remain elevated. Growth is expected to fall to 3.9 percent five years out, the lowest medium-term forecast in recent history, thus contributing to one of the lowest medium-term global growth forecasts since 1990. |
| asia economic outlook 2023: Pacific Economic Monitor July 2020 Asian Development Bank, 2020-07-01 This edition of the Pacific Economic Monitor discusses the impacts of COVID-19 and provides an overview of other current economic and development issues in Pacific developing member countries of ADB. |
| asia economic outlook 2023: China 2049 David Dollar, Yiping Huang, Yang Yao, 2020-06-09 How will China reform its economy as it aspires to become the next economic superpower? It's clear that China is the world's next economic superpower. But what isn't so clear is how China will get there by the middle of this century. It now faces tremendous challenges such as fostering innovation, dealing with ageing problem and coping with a less accommodative global environment. In this book, economists from China's leading university and America's best-known think tank offer in depth analyses of these challenges. Does China have enough talent and right policy and institutional mix to transit from input-driven to innovation-driven economy? What does ageing mean, in terms of labor supply, consumption demand and social welfare expenditure? Can China contain the environmental and climate change risks? How should the financial system be transformed in order to continuously support economic growth and keep financial risks under control? What fiscal reforms are required in order to balance between economic efficiency and social harmony? What roles should the state-owned enterprises play in the future Chinese economy? In addition, how will technological competition between the United States and China affect each country's development? Will the Chinese yuan emerge as a major reserve currency, and would this destabilize the international financial system? What will be China's role in the international economic institutions? And will the United States and other established powers accept a growing role for China and the rest of the developing world in the governance of global institutions such as the World Trade Organization and the International Monetary Fund, or will the world devolve into competing blocs? This book provides unique insights into independent analyses and policy recommendations by a group of top Chinese and American scholars. Whether China succeeds or fails in economic reform will have a large impact, not just on China's development, but also on stability and prosperity for the whole world. |
| asia economic outlook 2023: Global Economic Prospects, January 2022 The World Bank, 2022-03-04 Global Economic Prospects, January 2022 |
| asia economic outlook 2023: Economic Outlook for Southeast Asia, China and India 2023 Reviving Tourism Post-Pandemic OECD, 2023-03-31 The 2023 edition discusses the region’s economic outlook and macroeconomic challenges at a time of great uncertainty and a slowdown of the global economy, in particular owing to inflationary pressures, capital flow volatility and supply-side bottlenecks. The thematic chapters focus on reviving tourism after the pandemic. |
| asia economic outlook 2023: Global Economic Prospects, January 2020 World Bank, 2020-01-27 The global economy is in a broad-based cyclical recovery. Investment, manufacturing and trade are on the rebound. Financing conditions are benign, monetary policies are generally accommodative, and the worst impacts of the recent commodity price collapse have begun to dissipate. However, the global economic outlook remains clouded by a number of risks. These include the possibility of financial market disruptions, rising protectionist sentiment, and heightened geopolitical tensions. Of particular concern is evidence of subdued productivity and slowing potential growth. In addition to discussing global and regional economic developments and prospects, this edition of Global Economic Prospects includes a chapter on the causes of the broad-based slowing of potential growth and suggests remedies. The report also contains Special Focus sections on the impact of the 2014-2016 oil price collapse and the relationship between education demographics and global inequality. Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing countries, on a semiannual basis (in January and June). The January edition includes in-depth analyses of topical policy challenges faced by these economies, while the June edition contains shorter analytical pieces. |
| asia economic outlook 2023: The Caribbean World Bank, 1988 The countries of the Caribbean region benefit from a number of preferential trade arrangements. In addition to the industrialized countrys' General System of Preferences (GSP) which are applicable to most developing countries, there are some very special arrangements formulated to promote exports from the Caribbean countries -- the Caribbean Basin Initiative (CBI) of the United States, CARIBCAN of Canada, and the much older Lome Conventions of the European Communities, which includes the Caribbean as well as most African and some Pacific countries. Yet, in spite of this preferential treatment, the Caribbean export performance has been worse than the performance of the developing countries as a whole. This report examines the Caribbean export performance in the 1980s in some detail, analyzes the possible reasons behind this performance, and presents some recommendations to improve it. The scope of the analysis in this report is limited to the member countries of the Caribbean Group for Cooperation in Economic Development. This report not only has a Caribbean perspective, it examines all three major arrangements - the CBI, CARIBCAN, and Lome Convention in the environment of both groups and specific exporters in the three different markets. In this way, the greatly varying performances can lead to insights on export performance and ways to improve it. |
| asia economic outlook 2023: World Economic Situation and Prospects 2019 United Nations, 2019-02-15 The United Nations definitive report on the state of the world economy, providing global and regional economic outlook for 2019 and 2020. Produced by the Department of Economic and Social Affairs, the five UN regional commissions, the United Nations Conference on Trade and Development, with contributions from the UN World Tourism Organization. |
| asia economic outlook 2023: World Cities Report 2020 United Nations, 2020-11-30 In a rapidly urbanizing and globalized world, cities have been the epicentres of COVID-19 (coronavirus). The virus has spread to virtually all parts of the world; first, among globally connected cities, then through community transmission and from the city to the countryside. This report shows that the intrinsic value of sustainable urbanization can and should be harnessed for the wellbeing of all. It provides evidence and policy analysis of the value of urbanization from an economic, social and environmental perspective. It also explores the role of innovation and technology, local governments, targeted investments and the effective implementation of the New Urban Agenda in fostering the value of sustainable urbanization. |
| asia economic outlook 2023: Global Economic Prospects , 2005 |
| asia economic outlook 2023: Economic Outlook for Southeast Asia, China and India 2023 - Update Resilience Under Uncertainty OECD, 2023-09-03 The Economic Outlook for Southeast Asia, China and India is a regular publication on regional economic growth and development in Emerging Asia. It focuses on the economic conditions of the Association of Southeast Asian Nations (ASEAN) member countries: Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Viet Nam. |
| asia economic outlook 2023: Regional Economic Outlook, Asia and Pacific, April 2024 International Monetary Fund. Asia and Pacific Dept, 2024-04-29 Growth in Asia and the Pacific outperformed expectations in late 2023, reaching 5.0 percent for the year. Inflation has continued to decline, albeit at varying speeds: some economies are still seeing sustained price pressures, while others are facing deflationary risks. In 2024, growth is projected to slow modestly to 4.5 percent. Near-term risks are now broadly balanced, as global disinflation and the prospect of monetary easing have increased the likelihood of a soft landing. Spillovers from a deeper property sector correction in China remain an important risk, however, while geoeconomic fragmentation clouds medium-term prospects. Given the diverse inflation landscape, central bank policies need to calibrate policies carefully to domestic needs. Fiscal consolidation should accelerate to contain debt burdens and debt service cost, in order to preserve budgetary space for addressing structural challenges, including population aging and climate change. |
Asia outlook 2023 - Economist Intelligence Unit
Asia will face difficult economic conditions in 2023. Several years of strong export growth for the region will reverse, with the EU entering recession and the US economy forecast to slow …
REGIONAL ECONOMIC OUTLOOK - IMF
May 2, 2023 · Pacific Area—Economic conditions. | Economic development—Asia. | Economic development—Pacific Area. Classification: LCC HC412.R445 2023 The Regional Economic …
ASIAN DEVELOPMENT OUTLOOK
Exports from developing Asia weakened in the first quarter of 2023 as global demand slowed. However, consumption and investment are forecast to boost aggregate regional growth to …
Fall 2023 Regional Economic Outlook: Asia and Pacific, …
Asia and Pacific will remain the most dynamic region this year, with growth expected to rise from 3.9 percent in 2022 to 4.6 percent in 2023. China and India are projected to contribute jointly …
ASEAN REGIONAL ECONOMIC OUTLOOK 2023 - AMRO ASIA
Recent Developments and Outlook A Bumpy Transition to the “New Normal” Domestic Demand Leads the Way. Exports Face Headwinds. A Partial Labor Market Recovery. High(er) …
Asian Economic Outlook and Integration Progress - Boao Forum
As a major engine of the world economy, Asia economies are accelerating the pace in overall economic recovery in 2023. This report estimates that the weighted real GDP growth rate of …
Economic Outlook for Southeast Asia, China and India 2023
The 2023 and 2024 projections for China, Indonesia and India are based on the OECD Economic Outlook, Interim Report March 2023. Source: OECD Development Centre.
ECONOMIC PERSPECTIVES AND CHALLENGES IN EMERGING …
•Economic growth in Emerging Asia will remain resilient in the face of many challenges •Challenges to growth include persistent inflation, global economic slowdown. This is expected …
Asia-Pacific Outlook: May 2023 - Moody's Investors Service
What is the outlook for trade across the Asia-Pacific region in the second half of 2023? Global trade will likely stay soft in the second half of this year. The economic turnaround in China—the …
Global Economic Prospects: East Asia and the Pacific
Outlook: Growth in the EAP region is projected to strengthen to 5.5 percent in 2023, with a recovery in China offsetting moderating growth in several other economies. In 2024 and 2025, …
ASEAN+3 REGIONAL ECONOMIC OUTLOOK 2023 - AMRO ASIA
The factual information covers data for the period up to 28 February 2023, except when stated otherwise. © 2023 ASEAN+3 Macroeconomic Research Office ISSN: 2529-7538
Asia Outlook 2023 - fidelity.com.au
With improving fiscal positions and relatively mild inflation, Asian economies today have greater leeway to adjust their pace of tightening based on domestic needs, even as they come under …
REGIONAL ECONOMIC OUTLOOK - IMF
Economic activity in Asia and the Pacific remains on track to contribute around two-thirds of global growth in 2023, despite a challenging environment shaped by a global demand rotation from …
Asian Development Outlook: December 2023
Developing Asia’s growth has been upbeat, driven by healthy domestic demand, strong remittances, and recovering tourism. Regional growth is forecast to rise from 4.3% in 2022 to …
Asian Economic Outlook and Integration Progress
Jan 25, 2023 · Boao Forum for Asia Asian Economic Outlook and Integration Progress Annual Report 2023 对外经济贸易大学出版社 中国·北京
World Economic Outlook and the Asia Pacific Region - IMF
Growth Outlook (Percent; dashes from April 2023 and dotted from January 2022 WEO forecast) Permanent scarring expected
Global Economic Prospects -- June 2025
Global Economic Prospects report. For 2023 and beyond, the pre-pandemic trend is the January 2020 baseline projection extended using the projected growth rate for 2022. Shaded area …
ASEAN+3 Regional Economic Outlook 2023 - AMRO ASIA
up to February 2023, except for Brunei (January 2022). Source: National authorities via Haver Analytics. Note: China, Malaysia, Singapore, and Vietnam are not inflation-targeting economies.
REGIONAL ECONOMIC OUTLOOK— Asia and Pacific - IMF
Financial conditions in Asia have shown a divergence between advanced and emerging economies since early 2022, in response to the policy rate hiking cycle across major central …
World Economic Outlook and the Asia Pacific Region - IMF
World Economic Outlook world GDP (in weighted purchasing-power-parity terms) in 2023. Vertical axes are cut off at –4 percent and 16 percent. Right panel plots the median of a sample of 44 …
ASEAN 2045: Our Shared Future | 1
Asia and other regional and international issues impacting the region at ... entry-into-force of the Regional Comprehensive Economic Partnership (RCEP) in 2023, as well as ongoing efforts to …
ASEAN+3 Regional Economic Outlook October 2023 Update
ASEAN+3 Regional Economic Outlook – October 2023 Update Trade Turnaround to Support ASEAN+3 Growth in 2024 Amid Rising Inflation Risks Hoe Ee Khor, Chief Economist October …
Asia outlook 2023 - Economist Intelligence Unit
Asia will face difficult economic conditions in 2023. Several years of strong export growth for the region will reverse, with the EU entering recession and the US economy forecast to slow …
REGIONAL ECONOMIC OUTLOOK - IMF
May 2, 2023 · Pacific Area—Economic conditions. | Economic development—Asia. | Economic development—Pacific Area. Classification: LCC HC412.R445 2023 The Regional Economic …
ASIAN DEVELOPMENT OUTLOOK
Exports from developing Asia weakened in the first quarter of 2023 as global demand slowed. However, consumption and investment are forecast to boost aggregate regional growth to …
Fall 2023 Regional Economic Outlook: Asia and Pacific, …
Asia and Pacific will remain the most dynamic region this year, with growth expected to rise from 3.9 percent in 2022 to 4.6 percent in 2023. China and India are projected to contribute jointly …
ASEAN REGIONAL ECONOMIC OUTLOOK 2023 - AMRO ASIA
Recent Developments and Outlook A Bumpy Transition to the “New Normal” Domestic Demand Leads the Way. Exports Face Headwinds. A Partial Labor Market Recovery. High(er) …
Asian Economic Outlook and Integration Progress - Boao …
As a major engine of the world economy, Asia economies are accelerating the pace in overall economic recovery in 2023. This report estimates that the weighted real GDP growth rate of …
Economic Outlook for Southeast Asia, China and India 2023
The 2023 and 2024 projections for China, Indonesia and India are based on the OECD Economic Outlook, Interim Report March 2023. Source: OECD Development Centre.
ECONOMIC PERSPECTIVES AND CHALLENGES IN EMERGING …
•Economic growth in Emerging Asia will remain resilient in the face of many challenges •Challenges to growth include persistent inflation, global economic slowdown. This is expected …
Asia-Pacific Outlook: May 2023 - Moody's Investors Service
What is the outlook for trade across the Asia-Pacific region in the second half of 2023? Global trade will likely stay soft in the second half of this year. The economic turnaround in …
Global Economic Prospects: East Asia and the Pacific
Outlook: Growth in the EAP region is projected to strengthen to 5.5 percent in 2023, with a recovery in China offsetting moderating growth in several other economies. In 2024 and 2025, …
ASEAN+3 REGIONAL ECONOMIC OUTLOOK 2023 - AMRO …
The factual information covers data for the period up to 28 February 2023, except when stated otherwise. © 2023 ASEAN+3 Macroeconomic Research Office ISSN: 2529-7538
Asia Outlook 2023 - fidelity.com.au
With improving fiscal positions and relatively mild inflation, Asian economies today have greater leeway to adjust their pace of tightening based on domestic needs, even as they come under …
REGIONAL ECONOMIC OUTLOOK - IMF
Economic activity in Asia and the Pacific remains on track to contribute around two-thirds of global growth in 2023, despite a challenging environment shaped by a global demand rotation from …
Asian Development Outlook: December 2023
Developing Asia’s growth has been upbeat, driven by healthy domestic demand, strong remittances, and recovering tourism. Regional growth is forecast to rise from 4.3% in 2022 to …
Asian Economic Outlook and Integration Progress
Jan 25, 2023 · Boao Forum for Asia Asian Economic Outlook and Integration Progress Annual Report 2023 对外经济贸易大学出版社 中国·北京
World Economic Outlook and the Asia Pacific Region - IMF
Growth Outlook (Percent; dashes from April 2023 and dotted from January 2022 WEO forecast) Permanent scarring expected
Global Economic Prospects -- June 2025
Global Economic Prospects report. For 2023 and beyond, the pre-pandemic trend is the January 2020 baseline projection extended using the projected growth rate for 2022. Shaded area …
ASEAN+3 Regional Economic Outlook 2023 - AMRO ASIA
up to February 2023, except for Brunei (January 2022). Source: National authorities via Haver Analytics. Note: China, Malaysia, Singapore, and Vietnam are not inflation-targeting economies.
REGIONAL ECONOMIC OUTLOOK— Asia and Pacific - IMF
Financial conditions in Asia have shown a divergence between advanced and emerging economies since early 2022, in response to the policy rate hiking cycle across major central …
World Economic Outlook and the Asia Pacific Region - IMF
World Economic Outlook world GDP (in weighted purchasing-power-parity terms) in 2023. Vertical axes are cut off at –4 percent and 16 percent. Right panel plots the median of a sample of 44 …
ASEAN 2045: Our Shared Future | 1
Asia and other regional and international issues impacting the region at ... entry-into-force of the Regional Comprehensive Economic Partnership (RCEP) in 2023, as well as ongoing efforts to …
ASEAN+3 Regional Economic Outlook October 2023 Update …
ASEAN+3 Regional Economic Outlook – October 2023 Update Trade Turnaround to Support ASEAN+3 Growth in 2024 Amid Rising Inflation Risks Hoe Ee Khor, Chief Economist October …
