Asia In DePTH
Asian economies will face yet another challenging year in 2013, but with expectations that growth in domestic demand will again offset the worrisome external environment. The rise in intra-Asian trade also looks set to accelerate with closer regional integration and cooperation. In the longer term, rebalancing toward domestic economies and improving productivity will revitalise growth of Asian economies.
Cranes lift containers into place at an industrial port in Tokyo. Japan's economy is still struggling and few bold moves are expected until after the Dec 16 elections.
The global slowdown continues to dominate as one of the key factors troubling leaders and policymakers, with a close watch on troubled euro zone economies which so far have shown no encouraging sign of a quick recovery. The latest forecasts by the International Monetary Fund put world output growth in 2013 at 3.6%, a rather meagre improvement from this year’s estimate 3.3%.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.