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Output gap ( Georgia, India, Hong Kong, Republic of Korea, PRC, Tapei.)
Monetary policy alert to price pressures The continuing economic recovery across developing Asia lifted production nearly back to its long-term trend. By 2012, actual GDP was very close to its potent... ial in a broad range of economies—a situation that is expected to prevail through the forecast horizon (Figure 1.4.1). This is an important change from recent years, when slack capacity meant there was little risk of inflation accelerating.--- GEO = Georgia, HKG = Hong Kong, China, IND = India, INO = Indonesia, KOR = Republic of Korea, MAL = Malaysia, PHI = Philippines, PRC = People’s Republic of China, SIN = Singapore, TAP = Taipei,China, THA = Thailand, VIE = Viet Nam.--- Source: ADB estimates based on data from CEIC Data Company (accessed 15 March 2013).
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