The Asian Development Bank (ADB) released the Asian Development Outlook 2011 today. It provides an analysis of economic performance for the past year and offers forecasts for the next 2 years for the 45 Asian economies which form developing Asia.
Despite inflation[ ((After 4.4% in 2010, consumer prices are expected to rise to 5.3% in 2011 before decreasing back to 4.6% in 2012))], high food and oil prices as well as global uncertainties, developing Asia is expected to continue to expand over the next two years. ADB forecasts the regions gross domestic product to increase 7.8% in 2011 and 7.7% in 2012, compared to 9% in 2010.
Changyong Rhee, ADB’s Chief Economis, said, “Developing Asia, having shown resilience throughout the global recession, is now consolidating its recovery and rapid expansion in the region’s two giants – the People’s Republic of China (PRC) and India – will continue to lift regional and global growth.”
However, according to the report, it will be necessary to manage inflation carefully using more flexible exchange rates and coordinated capital controls.
Further information and links
- ADB News Release, 6 April 2011: Developing Asia on Firm Rebound but Must Tackle Inflation – ADB
- Asian Development Outlook 2011 website
From there you can download the whole report as PDF file (279 pages, 3.8 MB) or specific sections. - You can also read the report on Scribd as e-Paper
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