Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
2Activity
0 of .
Results for:
No results containing your search query
P. 1
Asian Development Outlook 2010 Special Note - July 2010

Asian Development Outlook 2010 Special Note - July 2010

Ratings: (0)|Views: 74|Likes:
Recently released macroeconomic indicators suggest the 2010 growth outlook for developing Asia is stronger than anticipated in the Asian Development Outlook (ADO) 2010 released in April. Gross domestic product (GDP) in the region is now projected to grow 7.9%, up from the 7.5% originally forecast. Better-than-expected results in the first quarter—driven by buoyant exports, strong private demand, and sustained stimulus policy effects—are behind the revision.
Recently released macroeconomic indicators suggest the 2010 growth outlook for developing Asia is stronger than anticipated in the Asian Development Outlook (ADO) 2010 released in April. Gross domestic product (GDP) in the region is now projected to grow 7.9%, up from the 7.5% originally forecast. Better-than-expected results in the first quarter—driven by buoyant exports, strong private demand, and sustained stimulus policy effects—are behind the revision.

More info:

Categories:Types, Business/Law
Published by: Asian Development Bank on Feb 24, 2011
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

05/09/2013

pdf

text

original

 
Recently released macroeconomic indicators suggest the2010 growth outlook or developing Asia is stronger thananticipated in the
Asian Development Outlook (ADO) 2010
 released in April. Gross domestic product (GDP) in theregion is now projected to grow 7.9%, up rom the 7.5%originally orecast. Better-than-expected results in the frstquarterdriven by buoyant exports, strong private demand,and sustained stimulus policy eectsare behind therevision.Te improved outlook is broad-based, with projections raisedacross most subregions. Nonetheless, downside risks in thesecond hal o the year call or continued caution, includingthe uncertain global environment, the sustainability o private domestic demand growth, and the challenge o managing capital inows and exchange rates. As such, GDPgrowth in 2011 is still projected at 7.3%.In East Asia, the newly industrialized economies o HongKong, China; Republic o Korea; and aipei,China areexpected to post stronger growth due to impressive frstquarter perormances. Improved investment has helpedsupport the recovery. Industrial production and consumerspending started picking up in the frst hal o the year,with exports recovering signifcantly. While the economy in the People’s Republic o China grew 11.1% in the frsthal o 2010, the GDP growth orecast or the year has beenmaintained at 9.6%. Recent measures to slow credit growthand cool speculation in the property market will likely leadto slower investment in the coming quarters. Fixed-assetinvestment growth slowed to 25.5% in the second quarter,the lowest rate o expansion since the stimulus packagewas announced in 2008. Industrial output fgures and thepurchasing managers’ index also suggest a so landing. First quarter growth in the ASEAN-5 economies (Indonesia,Malaysia, Philippines, Singapore and Tailand) also exceededexpectations, ueled by strong exports, robust industrialproduction, and improved consumer confdence. Singaporeis set or a solid 2010 aer growing 18.1% in the frst hal. Tetrade-driven economy’s growth projection has been upgradedsharply to 12.5% rom the 6.3% orecast in April, amid robustdemand or its manuactured exports, particularly biomedicalproducts and semiconductors.In the Philippines, election-related government spendinghelped propel growth to a strong 7.3% in the frst quarter.While this is unlikely to be sustained through the year, with thegovernment already above its fscal defcit target, growth in 2010has still been upgraded to 5.0% (rom 3.8%). Robust industrialproduction and strong export growth look likely to continue.Indonesia, Malaysia, and Tailand are also expected tooutperorm the
ADO 2010
orecasts. Malaysia and Tailandposted double-digit growth in the frst quarter o 2010,although the pace mostly reects a rebound rom the 2009contraction. Nevertheless, Malaysian growth is now expectedat 6.8% in 2010, rom 5.3%, supported by robust privateconsumption and investment and recovery in exports dueto the stronger global economic expansion. In Tailand,despite the major disruption o protests in central Bangkok,the economy is orecast to grow 5.5% (rom about 4.0%originally) on healthy exports and an expected recovery intourism toward the end o the year. Indonesia’s economy,driven by strong domestic demand, is now projected toexpand 6.0%, revised up rom 5.5%. Forecasts or the resto the Southeast Asian economies should meet previousexpectations. In South Asia, economic indicators remain broadly withinexpectations. GDP growth in India reached 8.6% (year-on-year) in the frst quarter, which is consistent with thecurrent orecast o 8.2% or the year. In Sri Lanka, post-conict reconstruction is pushing up demand such that frstquarter growth reached 7.1%, suggesting growth or the yearmay be more rapid than the
ADO 2010
estimate. Industrialproduction and exports are increasing in both economies.Asset price build-up in Bangladesh has boosted domesticdemand, with preliminary government estimates showing theeconomy expanded 6.0% in fscal year 2010 (ending June 2010).
Developing Asia’s Recovery Gains Momentum
Special Note
July 2010

Activity (2)

You've already reviewed this. Edit your review.
1 thousand reads
1 hundred reads

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->