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Recent developments

Global Economic Prospects: East Asia and the Pacific

High frequency indicators suggest that growth in the East Asia and Pacific region growth has started moderating as most economies in the region are operating at—or near full capacity, and a gradual withdrawal of monetary and fiscal stimulus combined with a moderation in growth of high-income countries will dampen growth going forward. Real GDP growth of 8.3 percent a year is anticipated over 2011-13 for East Asia (rates of 8.5, 8.1, and 8.2 percent respectively). This follows growth of an estimated 9.6 percent in 2010. Excluding China, the rebound was even more pronounced, increasing from 1.5 percent in 2009 to an estimated 6.8 percent in 2010; but growth is expected to stabilize at slightly lower rates of around 5.5 percent over 2011-2013.1


1 For a more detailed discussion and a complete overview of regional and country developments, see “Securing the present, shaping the future”, East Asia and Pacific Economic Update 2011, Volume 1. The World Bank, March 2011.

 




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