1945

Executive summary

The Asia-Pacific region continues to outperform the rest of the world in the pace of overall growth. Trade-led expansion continues to feed the region’s economic dynamism. The strong recovery in exports since 2009 has helped the region overcome the slowdown caused by the global economic and financial crisis, but this strategy of export-reliance is coming under increasing scrutiny. Continued overdependence on uncertain external demand creates risks and vulnerabilities. Increasing attention is therefore being given to fostering domestic sources of demand through investment in infrastructure and social sector and reforms aimed at addressing rising inequality.

Related Subject(s): International Trade and Finance
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