Macroeconomic performance and policy challenges at the subregional level
- Author: United Nations
- Main Title: Economic and Social Survey of Asia and the Pacific 2014 , pp 35-84
- Publication Date: September 2014
- DOI: https://doi.org/10.18356/22899084-en
- Language: English
Economic growth momentum and the macroeconomic situation vary widely among the countries in Asia and the Pacific, in line with the diversity across the region. Several of the trade-dependent countries are likely to perform better in 2014, as the global economic recovery gains traction. Their macroeconomic performances thus depend on the implementation of appropriate policy measures to deal with spillovers from developed economies. This requires careful examination of the underlying reasons for changes in the macroeconomic aggregates and the likely impact of policy measures. On the other hand, a number of countries, mostly those with large domestic markets, are poised to experience either a growth slowdown or stagnation in 2014 due to diverse structural challenges. These countries need to accelerate structural reforms to deal with long-term impediments, while at the same time, address short-term macroeconomic issues. The macroeconomic performance of commodity-exporting countries varied widely in 2013. This group of economies faces the prospect of slowing growth in 2014. To counteract this, they should undertake policies to accelerate economic diversification.
© United Nations
ISBN (PDF):
9789210566957
Book DOI:
https://doi.org/10.18356/cf6e201f-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
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