The Outlook Firms as Trade Conflict Pauses
Asian Development Bank | December 2018
Abstract
Despite challenges brought about by trade conflict, growth forecasts for developing Asia remain unchanged at 6.0% for 2018 and 5.8% for 2019, as envisaged in September in Asian Development Outlook 2018 Update. East Asia and the Pacific are on track to meet growth projections. Unexpectedly strong expansion in Central Asia offsets small downward revisions for South and Southeast Asia in 2019. Excluding the newly industrialized economies of Hong Kong, China; the Republic of Korea (ROK); Singapore; and Taipei,China, the regional growth outlook is maintained at 6.5% for 2018 and 6.3% for 2019 (Table 1).
The collective growth projections for the major industrial economies of the United States, the euro area, and Japan are retained from the Update. Favorable outcomes in the US and the euro area confirm that the major industrial economies will realize growth forecasts in the Update at 2.3% for 2018 and 2.1% for 2019, though an unexpected contraction in Japan in the third quarter (Q3) warrants a slight downgrade to its 2018 growth projection (Box 1).
Citation
Asian Development Bank. 2018. The Outlook Firms as Trade Conflict Pauses. © Asian Development Bank. http://hdl.handle.net/11540/9440. License: CC BY 3.0 IGO.PDF ISBN
978-92-9261-437-9
Print ISBN
978-92-9261-436-2
Keywords
Free Trade
Trade Facilitation
Trade
Economic integration
Regional Economic Integration
Intraregional Trade
Macroeconomic
Macroeconomic Analysis
Macroeconomic Framework
Macroeconomic Models
Macroeconomic Performance
Macroeconomic Planning
Macroeconomic Policies
Macroeconomic Reform
Macroeconomic Stabilization
Economic planning
Economic structure
Growth policy
Trade relations
Trade policy
Trade policy
Economic development
Economies in transition
International economy
Border integration
Economic integration
Gross domestic product
Trade policy
Trade Regulations
Exchange Rate
Regional economics
Economic forecasting
Economic development projects
Success in business
Business
Free trade
Business
Economics
Communication in economic development
Restraint of trade
International economic integration
Trade blocs
East-West
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