Updating outlook

21-May-2018 11:23

Projections previously published in Asian Development Outlook 2016 (ADO 2016) in March are retained, with GDP in the region expected to grow at 5.7% in 20, slightly down from 5.9% in 2015.The forecast for average inflation in the region is revised slightly upward, from 2.5% to 2.6% in 2016 and from 2.7% to 2.9% in 2017.East Asia comprises the People’s Republic of China; Hong Kong, China; the Republic of Korea; Mongolia; and Taipei, China.South Asia comprises Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan, and Sri Lanka.

Consumer prices will likely rise by 2.6% in 2016 and 2.9% in 2017..

She has also contributed to The Dollar Stretcher, Life Tips and Childcare Magazine.

Recent Developments The recovery in financial and oil markets that started about mid-February broadly continued through June 23, as markets assumed the United Kingdom would remain in the European Union.

Post-referendum asset price and exchange rate movements in emerging markets have been generally contained.

From a macroeconomic perspective, the Brexit vote implies a substantial increase in economic, political, and institutional uncertainty, which is projected to have negative macroeconomic consequences, especially in advanced European economies.

Consumer prices will likely rise by 2.6% in 2016 and 2.9% in 2017..She has also contributed to The Dollar Stretcher, Life Tips and Childcare Magazine.Recent Developments The recovery in financial and oil markets that started about mid-February broadly continued through June 23, as markets assumed the United Kingdom would remain in the European Union.Post-referendum asset price and exchange rate movements in emerging markets have been generally contained.From a macroeconomic perspective, the Brexit vote implies a substantial increase in economic, political, and institutional uncertainty, which is projected to have negative macroeconomic consequences, especially in advanced European economies.While global industrial activity and trade have been lackluster amid China’s rebalancing and generally weak investment in commodity exporters, recent months have seen some pick-up due to stronger infrastructure investment in China and higher oil prices. These prices have since rebounded, although as of mid-July bank equity valuations for U. and European banks remain substantially lower than before the referendum, and domestically focused U. The pound depreciated sharply—by around 10 percent in nominal effective terms between June 23 and July 15—with more limited changes for other major currencies.