Asian economic statistics


Phillips curve estimation indicates that weaker import prices, including low commodity prices, contributed to half of the undershooting of inflation targets in advanced Asia and most of the undershooting in emerging Asia in recent years. The inflation process has become more backward-looking. Asia is embracing the digital revolution, albeit with significant heterogeneity across the region. In addition, China seems to have played an important role in driving both global and regional inflation. To what extent has inflation become less sensitive to economic slack—that is, has the Phillips curve flattened? Asia is already a leader in many aspects of the digital revolution, but to remain at the cutting edge and reap the full benefits from technological advances, policy responses will be needed in many areas, including information and communication technology, trade, labor markets, and education. These vulnerabilities could be exacerbated by excessive risk taking and a migration of financial risks toward nonbanks.
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Asia and Pacific

This publication compiles comparable tax revenue statistics for Indonesia, Japan, Kazakhstan, Korea, Malaysia, the Philippines and Singapore. In addition, China seems to have played an important role in driving both global and regional inflation. On the downside, Asia remains vulnerable to a sudden and sharp tightening of global financial conditions, while too long a period of easy conditions risks a further buildup of leverage and financial vulnerabilities. On the upside, the global recovery could again prove stronger than expected, and over time the Comprehensive and Progressive Agreement for Trans-Pacific Partnership CPTPP and successful implementation of the Belt and Road Initiative—assuming debt sustainability and project quality are maintained—could both support trade, investment, and growth. And in India, growth is expected to rebound to 7. Near-term prospects have improved since the Regional Economic Outlook Update: Motivated by these developments, this chapter aims to shed light on the following questions:
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Regional Economic Outlook

The gains from globalization have not been shared equally, and, as highlighted by recent tariff actions and announcements, a shift toward inward-looking policies is another risk, with the potential to disrupt international trade and financial markets. Back to Top Chapter 1 - Good Times, Uncertain Times Download Chapter 1 Full PDF The world economy continues to perform well, with strong growth and trade, rising but still muted inflation, and accommodative financial conditions, notwithstanding some increased financial market volatility in early More flexible exchange rates could mitigate the role of imported inflation, and macroprudential policies can help address financial stability risks. The world economy continues to perform well, with strong growth and trade, rising but still muted inflation, and accommodative financial conditions, notwithstanding some increased financial market volatility in early Driven partly by the procyclical tax stimulus in the United States, near-term economic prospects for both the world and Asia have improved from the alreadyfavorable outlook presented in the October Regional Economic Outlook Update: Finally, cybersecurity breaches and cyberattacks are on the rise globally, and climate change and natural disasters could continue to have a significant impact on the region. How do these drivers of inflation in Asia differ from those in other regions? But despite the strong outlook, policymakers must remain vigilant.
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Asian economic statistics

Description:Asia and Pacific in October , and risks around the forecast are broadly balanced for now. Headline inflation has been picking up with the upturn in oil prices since September, but core inflation remains surprisingly subdued, especially in advanced economies. And finally, to reap the full benefits of the digital revolution, Asia will need a comprehensive and integrated policy response covering information and communications technology, infrastructure, trade, labor markets, and education. Tailored measures are needed to boost productivity and investment, narrow gender gaps in labor force participation, deal with the demographic transition, address climate change, and support those affected by shifts in technology and trade. Chapter 2 analyzes the factors behind low inflation despite strong growth, and how long this is expected to last. Motivated by these developments, this chapter aims to shed light on the following questions: The region remains the most dynamic in the world, but new approaches are needed to better share the benefits of growth, improve well-being and achieve sustainable development goals. In addition, higher inflation may persist on account of the increasingly backward-looking inflation process. Asia is already a leader in many aspects of the digital revolution, but to remain at the cutting edge and reap the full benefits from technological advances, policy responses will be needed in many areas, including information and communication technology, trade, labor markets, and education.

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