Developing Asia is bouncing back from the slowdown of the previous year. Robust domestic demand and greater reliance on regional trade will accelerate growth from 6.1% in 2012 to 6.6% in 2013 and 6.7% in 2014. Though still relatively stable, inflation is forecast to pick up as regional economies return to their production potential in the midst of rising global liquidity from advanced economies. Consumer prices are expected to rise by 4.0% in 2013 and 4.2% in 2014, up from 3.7% last year.
Developing Asia’s recovery phase remains vulnerable to shocks. Strong capital inflows could feed asset bubbles. Political discord surrounding fiscal debates in the United States, austerity fatigue in the euro area, and border disputes in Asia could jeopardize macroeconomic stability.
The region needs an ample supply of clean, affordable energy to continue its rapid growth in the coming decades. To achieve energy security, developing Asia must actively contain its rising demand, aggressively explore new supply sources and technology, and progressively integrate regional energy markets and infrastructure.
The annual ADO provides a comprehensive analysis of economic performance for 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.
Viet Nam; Vanuatu; Uzbekistan; Tuvalu; Turkmenistan; Tonga; Timor-Leste; Thailand; Tajikistan; Taipei,China; Sri Lanka; Solomon Islands; Singapore; Samoa; Philippines; Papua New Guinea; Palau; Pakistan; Nepal; Nauru; Myanmar; Mongolia; Micronesia, Federated States of; Marshall Islands; Maldives; Malaysia; Lao People's Democratic Republic; Kyrgyz Republic; Korea, Republic of; Kiribati; Kazakhstan; Indonesia; India; Hong Kong, China; Georgia; Fiji; Cook Islands; China, People's Republic of; Cambodia; Brunei Darussalam; Bhutan; Bangladesh; Azerbaijan; Armenia; Afghanistan.