World Bank East Asia and Pacific Economic Update 2011, Volume 2 : Navigating Turbulence, Sustaining Growth

Vista sencilla de ítem
dc.creatorWorld Bank
dc.date2013-08-07T18:22:16Z
dc.date2013-08-07T18:22:16Z
dc.date2011-11
dc.date.accessioned2026-07-01T00:54:44Z
dc.descriptionGrowth in developing East Asia in the first half of 2011 remained strong, but continued to moderate, mainly due to weakening external demand. Global growth was also affected by supply shocks from geopolitical disturbances in the Middle East, supply chain disruptions following the earthquake and tsunami in Japan, and a slower-than-expected recovery of private demand in crisis-affected countries. More recently, uncertainties over fiscal sustainability in the U.S. and sovereign debt in the Euro zone fed financial volatility and affected investor and consumer sentiment. Domestic demand in East Asian economies has also been softening, driven by the normalization of fiscal and monetary policy, although it remained robust and the largest contributor to growth. We project that real Gross Domestic Product(GDP) in developing East Asia will increase by 8.2 percent in 2011 (4.7 percent excluding China), while growth will slow to 7.8 percent in 2012. Risks are on the downside, however. Based on the still robust current growth projections, the proportion of people living on less than US$2 a day in developing East Asia is expected to decrease to about 24 percent in 2011, down two percentage points from 2010, and an estimated 38 million people are projected to move out of poverty. However, poverty reduction efforts would be hampered in the event of another sudden increase in food prices against a backdrop of slowing income growth. In the short- to medium-term, East Asia's growth prospects are constrained by global uncertainty and by the impact of natural disasters. The slow progress towards resolution of debt problems in the Euro zone intensified investors' concerns over global growth and stability. As capital flowed out of emerging markets into relatively safer havens, portfolio investments reversed and stock markets lost value in East Asia. Markets remain jittery, even after the Euro zone countries agreed on a solution for the sovereign debt and banking problems. Fiscal and financial consolidation in the Euro zone is likely to reduce growth in Europe, and could lead to renewed financial outflows from East Asia as banks shore up their capital coverage. Credit outstanding from European banks to developing East Asia amounts to US$427 billion, or six percent of GDP. But high reserves and current account surpluses protect most East Asian countries against the impact of possible renewed financial stress.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifier978-1-4648-0072-6
dc.identifierhttps://hdl.handle.net/10986/14861
dc.identifier10.1596/978-1-4648-0072-6
dc.identifier.urihttp://hdl.handle.net/123456789/412839
dc.languageen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectAggregate Demand
dc.subjectAgricultural Cooperatives
dc.subjectasset holdings
dc.subjectasset prices
dc.subjectbailout
dc.subjectBalance of Payments
dc.subjectbank balance sheets
dc.subjectBank credit
dc.subjectBank debt
dc.subjectbank lending
dc.subjectbanking crisis
dc.subjectbanking sector
dc.subjectbanking system
dc.subjectbasis points
dc.subjectbond flows
dc.subjectbond funds
dc.subjectbond markets
dc.subjectBond Spreads
dc.subjectbonds
dc.subjectborrowing costs
dc.subjectbroad money
dc.subjectCapital Account
dc.subjectcapital flow
dc.subjectcapital flows
dc.subjectcapital inflows
dc.subjectCapital market
dc.subjectcapital outflows
dc.subjectcapital requirement
dc.subjectcash reserve
dc.subjectcash transfers
dc.subjectCDS
dc.subjectcentral bank
dc.subjectcentral bank bills
dc.subjectcentral banks
dc.subjectCentral Securities Depository
dc.subjectchecks
dc.subjectcollateral
dc.subjectcollateral for loans
dc.subjectcommercial banks
dc.subjectcommodities
dc.subjectCommodity
dc.subjectcommodity price
dc.subjectconsumer goods
dc.subjectConsumer price index
dc.subjectCopyright Clearance
dc.subjectCopyright Clearance Center
dc.subjectCredit Default
dc.subjectCredit Default Swap
dc.subjectcredit default swaps
dc.subjectcredit flows
dc.subjectcredit growth
dc.subjectCredit outstanding
dc.subjectcredit ratings
dc.subjectcreditors
dc.subjectCurrency
dc.subjectcurrent account surpluses
dc.subjectDebt burdens
dc.subjectdebt crisis
dc.subjectdebt data
dc.subjectdebt defaults
dc.subjectdebt instruments
dc.subjectdebt service
dc.subjectdeficits
dc.subjectderivatives
dc.subjectderivatives markets
dc.subjectdeveloping countries
dc.subjectDevelopment Bank
dc.subjectdisbursement
dc.subjectdomestic bond
dc.subjectdomestic bond markets
dc.subjectdomestic capital
dc.subjectdomestic capital markets
dc.subjectdomestic currency
dc.subjectdomestic government bond
dc.subjectemerging economies
dc.subjectemerging markets
dc.subjectEmerging Portfolio Funds
dc.subjectequipment
dc.subjectequities
dc.subjectequity flows
dc.subjectequity holdings
dc.subjectequity markets
dc.subjectexchange rate
dc.subjectExchange Rates
dc.subjectexpenditures
dc.subjectExport Growth
dc.subjectexporter
dc.subjectexporters
dc.subjectexternal borrowing
dc.subjectfinancial crisis
dc.subjectfinancial flows
dc.subjectfinancial management
dc.subjectFinancial Market
dc.subjectfinancial markets
dc.subjectfinancial risks
dc.subjectFinancial Stability
dc.subjectfinancial stress
dc.subjectfinancial volatility
dc.subjectfiscal deficit
dc.subjectfiscal deficits
dc.subjectFiscal policy
dc.subjectflow of credit
dc.subjectfood price
dc.subjectfood prices
dc.subjectForeign direct investment
dc.subjectForeign direct investments
dc.subjectForeign Exchange
dc.subjectForeign Exchange Reserves
dc.subjectforeign investor
dc.subjectForeign investors
dc.subjectglobal economy
dc.subjectGlobal Financial Stability
dc.subjectGovernment Bond
dc.subjectgovernment bond market
dc.subjectGovernment Bond Yields
dc.subjectgovernment bonds
dc.subjectgovernment debt
dc.subjectgovernment deficit
dc.subjectgovernment funding
dc.subjectgovernment guarantees
dc.subjectgovernment securities
dc.subjectgovernment spending
dc.subjectGross domestic product
dc.subjectgrowth rates
dc.subjectholding
dc.subjectholdings
dc.subjecthuman capital
dc.subjectincome
dc.subjectincome growth
dc.subjectincome taxes
dc.subjectincomes
dc.subjectinflation
dc.subjectinflationary pressures
dc.subjectinformal lenders
dc.subjectinstrument
dc.subjectinterest rate
dc.subjectinterest rates
dc.subjectInternational Bank
dc.subjectinternational banks
dc.subjectinternational market
dc.subjectInternational Settlements
dc.subjectinventories
dc.subjectinvestment climate
dc.subjectinvestment flows
dc.subjectinvestment rates
dc.subjectinvestor base
dc.subjectliability
dc.subjectliquidity
dc.subjectloan
dc.subjectlocal corporations
dc.subjectlocal currency
dc.subjectlocal government
dc.subjectlocal governments
dc.subjectLow-income countries
dc.subjectmacroeconomic stabilization
dc.subjectMarket capitalization
dc.subjectmarket indices
dc.subjectMarket Price Indices
dc.subjectmarket prices
dc.subjectmarket value
dc.subjectmarket volatility
dc.subjectmaturity
dc.subjectMiddle-income countries
dc.subjectMonetary Fund
dc.subjectMonetary policy
dc.subjectmoney market
dc.subjectmortgage
dc.subjectmortgages
dc.subjectmutual funds
dc.subjectnatural disaster
dc.subjectnatural disasters
dc.subjectnegative shocks
dc.subjectNonperforming Loans
dc.subjectopen economies
dc.subjectoutput
dc.subjectpension
dc.subjectPortfolio
dc.subjectportfolio flows
dc.subjectportfolio holdings
dc.subjectportfolio inflows
dc.subjectPortfolio investment
dc.subjectportfolio investments
dc.subjectportfolio quality
dc.subjectpotential investors
dc.subjectprivate investment
dc.subjectPublic debt
dc.subjectpublic investment
dc.subjectpublic spending
dc.subjectreal estate loans
dc.subjectreal exchange rates
dc.subjectreal interest
dc.subjectreal interest rates
dc.subjectreferendum
dc.subjectregulatory frameworks
dc.subjectremittance
dc.subjectRemittances
dc.subjectreserve requirements
dc.subjectreserves
dc.subjectreturn
dc.subjectRisk aversion
dc.subjectsafety net
dc.subjectSecurities
dc.subjectsettlement
dc.subjectShort-term external debt
dc.subjectsovereign bond
dc.subjectsovereign bonds
dc.subjectsovereign debt
dc.subjectsovereign debt restructuring
dc.subjectsovereign issuers
dc.subjectsovereign risk
dc.subjectStock Market
dc.subjectStock Market Price
dc.subjectstock markets
dc.subjectStocks
dc.subjectsupply shocks
dc.subjecttax
dc.subjecttelecommunications
dc.subjecttrade balance
dc.subjectTrade finance
dc.subjecttrading
dc.subjecttransparency
dc.subjecttreasury
dc.subjecttreasury bonds
dc.subjectvaluation
dc.subjectwithdrawal
dc.subjectWorld Development Indicators
dc.titleWorld Bank East Asia and Pacific Economic Update 2011, Volume 2 : Navigating Turbulence, Sustaining Growth

Archivos

Colecciones

AgroKnow