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Regional economic outlook-Asia and Pacific : Sustaining the momentum-vigilance and reforms

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  • Regional economic outlook-Asia and Pacific
  • International Monetary Fund
  • International Monetary Fund


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Title Regional economic outlook-Asia and Pacific
Similar Titles
Sub Title

Sustaining the momentum-vigilance and reforms

Material Type Reports
Author(English)

International Monetary Fund

Publisher

Washington, DC:International Monetary Fund

Date 2014-04
Series Title; No Regional Economic Outlook / 2014-04
Pages 89
Language English
File Type Link
Subject Economy < Financial Policy
Economy < Economic Administration
Holding IMF

Abstract

Growth in Asia is projected to remain steady at 5.4 percent in 2014 and 5.5 percent in 2015. External demand is set to pick up alongside the recovery in advanced economies, and domestic demand should remain solid across most of the region. With the expected upcoming tightening of global liquidity, Asia will face higher interest rates and potential bouts of capital fl ow and asset price volatility. Nevertheless, despite some tightening, fi nancial conditions should remain supportive, underpinned by still-accommodative monetary policies, strong credit growth, and exchange rates that remain weaker than they were a year ago. (The rest omitted)