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India’s macroeconomic imbalances (high inflation, large current account and fiscal deficits) and structural weaknesses … imports. Nonetheless, India has very little room to adopt countercyclical policies, constrained by persistently-high inflation … facing India. Further increases in the policy rate will be necessary to tackle high inflation and inflation expectations …
Persistent link: https://www.econbiz.de/10014411154
The Korean economy is slowing in the face of strong global headwinds. It is projected to bottom out during the course of 2012, regaining momentum towards the end of the year, in line with the global recovery. The main short-term risk to the outlook is a further intensification of the euro area...
Persistent link: https://www.econbiz.de/10014395605
Against the backdrop of generally sound policies and abundant natural resources, Lao P.D.R. has made impressive progress in developing its economy and reducing poverty. The key challenge going forward is to ensure that economic policy frameworks stay ahead of the curve to achieve sustainable and...
Persistent link: https://www.econbiz.de/10014395613
negative territory in the first quarter of 2018 before rebounding sharply in the second quarter. In India, growth continues to …
Persistent link: https://www.econbiz.de/10014408325
of restrictions on credit for construction and vehicle. Inflation has remained elevated, tracking closely that of India …
Persistent link: https://www.econbiz.de/10014409476
KEY ISSUES Context. The Republic of the Marshall Islands (RMI) is going through a period of output fluctuations. The economy expanded in FY2012 by 3.2 percent, supported by export growth, but in FY2013 is estimated to have slowed to 0.8 percent due to the postponement of infrastructure projects....
Persistent link: https://www.econbiz.de/10014411137
KEY ISSUES Overview. Korea has experienced impressive growth since the 1970s, enabling it to escape the middle-income trap. However, this prosperity has been concentrated lately within the highly competitive export-oriented conglomerates, whereas household income growth and service sector...
Persistent link: https://www.econbiz.de/10014411246
KEY ISSUES Context. Growth remains strong driven by robust exports, tourism, and construction, despite the recent floods and some slowdown during the 2013 national election. The outlook is favorable with renewed reform momentum after the elections but slow growth in Europe, the U.S. tapering,...
Persistent link: https://www.econbiz.de/10014394279
KEY ISSUES Economic context. Growth was strong in 2012, and the economy is overheating from expansionary macroeconomic policies. The current account deficit has deteriorated significantly, a product of a currency appreciation in real effective terms, a growing fiscal deficit, and strong domestic...
Persistent link: https://www.econbiz.de/10014394431
KEY ISSUES Context: Growth in recent decades has been sluggish owing to persistent political turmoil, external shocks, and slow progress on structural reforms. Unemployment at nearly 9 percent continues to be stubbornly high, with youth and underemployment at significantly higher rates. The...
Persistent link: https://www.econbiz.de/10014394432