Wednesday, December 11, 2013Tweet
[IWS] ADB: ASIAN DEVELOPMENT OUTLOOK 2013 SUPPLEMENT: FIRMING INDUSTRIAL ECONOMIES TO SUPPORT ASIA'S OUTLOOK [11 December 2013]
IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
Asian Development Bank (ADB)
ASIAN DEVELOPMENT OUTLOOK 2013 SUPPLEMENT: FIRMING INDUSTRIAL ECONOMIES TO SUPPORT ASIA'S OUTLOOK [11 December 2013]
[full-text, 5 pages]
Developing Asia is set to benefit as further signs emerge of growth momentum in the advanced economies. The region is poised to meet the 2013 and 2014 growth forecasts in Asian Development Outlook 2013 Update, though the subregional contributions to growth have changed.
• Infrastructure investments boost the outlook for the People’s Republic of China by 0.1 percentage points to 7.7% in 2013 and 7.5% in 2014. This raises the forecast for East Asia as a whole by the same magnitude, as indicators in the subregion’s other economies generally align with assumptions in the Update.
• South Asia is on track to meet growth expectations of 4.7% in 2013 and 5.5% in 2014. After bottoming out in the first fiscal quarter, India’s economy seems to have recovered on the back of rebounding exports and higher industrial and agricultural output.
• Southeast Asia’s growth forecast is tempered by 0.1 percentage points in both 2013 and 2014. Typhoon damage will moderate rapid growth in the Philippines before major reconstruction gets under way, and the unfolding political turmoil in Thailand is expected to undermine its growth over the forecast horizon.
• Inflation forecasts in developing Asia are unchanged amid softer international oil prices and lower global food prices.
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