Transcribed
Demand-side contributions to growth, selected developing Asia, 2012
1.1.3 Demand-side contributions to growth, selected developing Asia, 2012 Private consumption Net exports Statistical discrepancy O GDP growth Government consumption Investments Percentage points 12- -6 HKG IND INO KOR MAL PHI PRC SIN TAP THA HKG = Hong Kong, China; IND = India; INO = Indonesla; KOR = Republic of Korea; MAL = Malaysla; PHI = Philippines; TAP = Talpel,China; THA = Thalland; PRC = People's Republic of China. Note: Breakdown for Indla unavallable. Source: CEIC Data Company (accessed o5 March 2013).
Demand-side contributions to growth, selected developing Asia, 2012
shared by W.E.R.I on Jun 21
91
views
0
faves
0
comments
---- Boost from domestic consumption -----
With weakened demand from the PRC and India added to dim global demand from the major industrial economies, only domestic factors remained as drivers of grow...
th for many economies in developing Asia. The external slowdown affected trade-oriented open, economies in East and Southeast Asia most severely, with growth plunging to less than 2% in the Republic of Korea, Taipei,China, and Singapore (Figure 1.1.3).
Despite anemic external demand, some economies, mainly in Southeast Asia, managed to maintain growth momentum on the back of growth in private consumption and investment. Economic reforms after the Asian financial crisis, a better-balanced economic structure, and natural resources all contributed to the robust performance of the ASEAN economies in 2012.
Among domestic factors, private consump tion continued to be the key driver of growth in 2012, contributing more than half of growth across the economies in developing Asia. By comparison, growth in other factors, such as investment and exports, varied considerably across countries.
Unemployment rates kept declining in most countries, however, and labor markets continued to improve, lifting consumer confidence at least during the first half of last year.
HKG = Hong Kong, China; IND = India; INO = Indonesia; KOR = Republic of Korea;
MAL = Malaysia; PHI = Philippines; TAP = Taipei,China; THA = Thailand; PRC =
People’s Republic of China.
Note: Breakdown for India unavailable.
Source: CEIC Data Company (accessed 05 March 2013).
Source
Unknown. Add a sourceCategory
EconomyGet a Quote
You may also like...
