Regional Economic Outlook, April 2018, Asia Pacific
Regional Economic Outlook, April 2018, Asia Pacific

Author: International Monetary Fund. Asia and Pacific Dept

Publisher: International Monetary Fund

Published: 2018-05-09

Total Pages: 77

ISBN-13: 1484339886

DOWNLOAD EBOOK

Asia is expected to grow by about 51⁄2 percent this year, accounting for nearly two-thirds of global growth, and the region remains the world’s most dynamic by a considerable margin. But despite the strong outlook, policymakers must remain vigilant. While risks around the forecast are broadly balanced for now, they are skewed firmly to the downside over the medium term. Key risks include those of further market corrections—possibly triggered by inflation surprises and/or faster-than-expected monetary tightening in advanced economies—a shift toward protectionist policies, and an increase in geopolitical tensions.

Asian Development Outlook 2018
Asian Development Outlook 2018

Author: Asian Development Bank

Publisher: Asian Development Bank

Published: 2018-04-01

Total Pages: 650

ISBN-13: 9292611216

DOWNLOAD EBOOK

The annual Asian Development Outlook analyzes 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. Growth prospects in the region are upbeat, buoyed by favorable demand at home and abroad. A strong performance in 2017 reflected a surge in exports, which will likely abate this year and next, and rapidly expanding domestic demand. While the outlook is for steady growth, risks to it are decidedly on the downside: Trade friction could weaken recently deepened trade links, tightening US monetary policy could diminish investment in developing Asia, and rising domestic private debt may hamper growth. New technologies drive higher productivity, the foundation for economic growth, better-paid jobs, and poverty reduction. The latest technologies in robotics and artificial intelligence may threaten some jobs, however, and leave less-skilled workers behind. To maximize gains in productivity while safeguarding social welfare, governments in developing Asia should protect workers but not preserve particular jobs. Meanwhile, they should facilitate the countervailing forces in new technologies that generate new jobs. Dealing with the downsides of new technology requires synchronized effort on skills development, labor regulation, social protection, and income redistribution.

Asian Development Outlook 2018 Update
Asian Development Outlook 2018 Update

Author: Asian Development Bank

Publisher: Asian Development Bank

Published: 2018-09-01

Total Pages: 568

ISBN-13: 9292613359

DOWNLOAD EBOOK

Growth in developing Asia is holding up against external headwinds. Robust domestic demand supported the region's large economies, and oil prices above expectations boosted prospects for many oil and gas exporters. Consumer prices are picking up with rising global fuel and food prices, but moderate inflation in several Asian economies has kept the regional average in check. Downside risks to the outlook are intensifying. If tightened more than investors expect, US monetary policy could accelerate capital outflow from Asian economies and put further depreciation pressure on regional currencies. Any escalation of the trade conflict could disrupt cross-border production links. Most economies remain robust, but policy makers must be ready to respond. In the years since the Asian financial crisis of 1997–1998, sound domestic macroeconomic fundamentals and buoyant external conditions have supported developing Asia's rise to become an engine of the global economy. However, the changing global landscape poses new challenges to the maintenance of macroeconomic stability. This Update explores the key pockets of vulnerability and the policy options available to manage them. To fortify the region against heightened uncertainty, policy makers may need to deploy the full range of policy tools, while forging and safeguarding the sound fundamentals that support economic, social, and political stability.

Regional Economic Outlook, October 2018, Asia Pacific
Regional Economic Outlook, October 2018, Asia Pacific

Author: International Monetary Fund. Asia and Pacific Dept

Publisher: International Monetary Fund

Published: 2018-10-12

Total Pages: 32

ISBN-13: 1484375416

DOWNLOAD EBOOK

Growth in the first half of 2018 was softer than in 2017, especially in advanced economies. In contrast, growth remained robust in emerging market economies and broadly in line with expectations. After rising to 6.9 percent in 2017, growth in China continued to be strong into the first half of 2018 but has likely slowed since, given the latest high-frequency indicators, including weakening investment growth. In Japan, after exceeding potential for two years, growth dropped into negative territory in the first quarter of 2018 before rebounding sharply in the second quarter. In India, growth continues to recover steadily after the disruptions related to demonetization and the rollout of the goods and services tax in the last fiscal year.1 And in ASEAN-4 economies (Indonesia, Malaysia, the Philippines, Thailand), growth generally lost momentum in the first half of 2018, except in Thailand.

People's Republic of China
People's Republic of China

Author: International Monetary Fund. Asia and Pacific Dept

Publisher: International Monetary Fund

Published: 2017-08-15

Total Pages: 77

ISBN-13: 1484314727

DOWNLOAD EBOOK

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.

Asian Development Outlook 2020
Asian Development Outlook 2020

Author: Asian Development Bank

Publisher: Asian Development Bank

Published: 2020-04-01

Total Pages: 737

ISBN-13: 9292621564

DOWNLOAD EBOOK

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.

Sharing the Growth Dividend
Sharing the Growth Dividend

Author: Ms.Sonali Jain-Chandra

Publisher: International Monetary Fund

Published: 2016-03-04

Total Pages: 53

ISBN-13: 1513546546

DOWNLOAD EBOOK

This paper focusses on income inequality in Asia, its drivers and policies to combat it. It finds that income inequality has risen in most of Asia, in contrast to many regions. While in the past, rapid growth in Asia has come with equitable distribution of the gains, more recently fast-growing Asian economies have been unable to replicate the “growth with equity” miracle. There is a growing consensus that high levels of inequality can hamper the pace and sustainability of growth. The paper argues that policies could have a substantial effect on reversing the trend of rising inequality. It is imperative to address inequality of opportunities, in particular to broaden access to education, health, and financial services. Also fiscal policy could combat rising inequality, including by expanding and broadening the coverage of social spending, improving tax progressivity, and boosting compliance. Further efforts to promote financial inclusion, while maintaining financial stability, can help.

Regional Economic Outlook, April 2018, Western Hemisphere Department
Regional Economic Outlook, April 2018, Western Hemisphere Department

Author: International Monetary Fund. Western Hemisphere Dept.

Publisher: International Monetary Fund

Published: 2018-05-11

Total Pages: 134

ISBN-13: 1484339878

DOWNLOAD EBOOK

The world economy and global trade are experiencing a broad-based cyclical upswing. Since October 2017, global growth outcomes and the outlook for 2018–19 have improved across all regions, reinforced by the expected positive near-term spillovers from tax policy changes in the United States. Accommodative global financial conditions, despite some tightening and market volatility in early February 2018, have been providing support to economic recovery. Higher commodity prices are contributing to an improved outlook for commodity exporters. The US and Canadian economies posted solid gains in 2017 and are expected to grow above potential in the near term. Despite the improved near-term outlook, however, medium-term prospects are tilted downwards. Growth prospects for advanced economies are subdued and many emerging market and developing economies are projected to grow in per capita terms more slowly than advanced economies, raising concerns about income convergence. While risks appear broadly balanced in the near term, they skew to the downside over the medium term, including a possible sharp tightening of financial conditions, waning popular support for global economic integration, growing trade tensions and risks of a shift toward protectionist policies, and geopolitical strains.

Annual Report on Exchange Arrangements and Exchange Restrictions 2018
Annual Report on Exchange Arrangements and Exchange Restrictions 2018

Author: International Monetary Fund. Monetary and Capital Markets Department

Publisher: International Monetary Fund

Published: 2019-04-16

Total Pages: 3724

ISBN-13: 1484396774

DOWNLOAD EBOOK

The Annual Report on Exchange Arrangements and Exchange Restrictions has been published by the IMF since 1950. It draws on information available to the IMF from a number of sources, including that provided in the course of official staff visits to member countries, and has been prepared in close consultation with national authorities.