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Asian Development Outlook 2011 Update: Preparing for Demographic Transition

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  • Asian Development Outlook 2011 Update: Preparing for Demographic Transition
  • Asian Development Bank (ADB)
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Title Asian Development Outlook 2011 Update: Preparing for Demographic Transition
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Material Type Reports
Publisher

Asian Development Bank (ADB)

Date 2011
Series Title; No Asian Development Outlook
ISBN 978-92-9092-390-9; 978-92-9092-392-3
Language English
File Type Link
Subject Social Development < General

Abstract

The annual Asian Development Outlook, generally launched in April, presents an analysis of developing Asia’s recent economic performance plus its prospects for the next two years. This Update shows whether these forecasts were met, explaining divergence between forecasts and the actual outturn, and firms the forecasts for the next 18 months or so.;The Update expects developing Asia to sustain its robust growth over the next 2 years, despite the tepid outlook for the United States, the eurozone, and Japan. The region will be buttressed by healthy domestic demand and buoyant intraregional trade. Managing inflation has to be a key focus for policy makers, to allow for inclusive growth.;Such growth includes the elderly, who are all too often left behind as Asia’s traditional family networks weaken. As the elderly will form an ever-larger share of the region’s population over the next few decades, states will have to ensure their economic security?and meet the wider economic implications for society.