Tuesday, March 24, 2015Tweet
[IWS] ADB: ASIAN DEVELOPMENT OUTLOOK 2015: FINANCING ASIA'S FUTURE GROWTH [24 March 2015]
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
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Asian Development Bank (ADB)
ASIAN DEVELOPMENT OUTLOOK 2015: FINANCING ASIA'S FUTURE GROWTH [24 March 2015]
[full-text, 328 pages]
[full-text, 18 pages]
ADB's Asian Development Outlook (ADO) 2015 projects that Developing Asia will grow at a steady 6.3% in 2015 and 2016, supported by a strengthening recovery in the major industrial economies and soft global commodity prices.
The drop in international oil prices is taking pressure off of consumer prices. Inflation will slow from 3.1% in 2014 to 2.6% in 2015.
As low oil prices are supporting growth in developing Asia, a sudden sharp reversal could undermine the outlook and require policy response. Similarly, while capital inflows to the region have been beneficial for growth, policy makers must carefully manage credit expansion to ensure that it does not lead to excessive leverage and asset price bubbles.
Developing Asia needs a deep, robust financial sector to sustain growth. Policy makers will be challenged to ensure that financial sector development is inclusive, providing broad access to households and firms. Financial stability must also be maintained to enhance growth and equity.
About the Asian Development Outlook
The annual Asian Development Outlook provides a comprehensive analysis of economic performance in the past year and offers forecasts for the next 2 years for the 45 economies in Asia and the Pacific that make up developing Asia.
Part 1 Oil in the gears of growth
Steady growth and stable prices in developing Asia
How lower oil prices affect Asia
Is Asia's debt a threat to growth?
Annex: Low oil price supports recovery
Part 2 Financing Asia's future growth
The case for further developing the financial sector
Financial development for growth
Financial access for inclusion
Financial stability to safeguard inclusive growth
Toward finance that fosters stable and inclusive growth
Part 3 Economic trends and prospects in developing Asia
People's Republic of China | 中文
Hong Kong, China
Republic of Korea
Lao People's Democratic Republic
Papua New Guinea
North Pacific economies
South Pacific economies
Small island economies
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