000			01548nam a2200145Ia 4500
001			CD-2008-01
003			PILC
008			160423s2008 xx 000 0 und d
110			_aAsian Development Bank
245			_aAsian development outlook 2008/
260			_aMandaluyong City : _bAsian Development Bank, _c2008
504			_aDownload copy only
520			_athe annual Asian Development Outlook provides a comprehensive economic analysis of 44 economies in developing Asia and the Pacific. This 20th anniversary edition examines trends and prospects in Central Asia, East Asia, South Asia, Southeast Asia, and the Pacific. Developing Asia's performance in 2007 broke records in almost two decades. Aggregate gross domestic product grew at 8.7%, on supportive global economic conditions, a largely favorable policy environment, and productivity gains as the region continued its remarkable modernization and transformation. Conditions in the global economy now look distinctly unsteady with the United States, Japan, and Europe set for a synchronized slowdown this year. Still, developing Asia will not be hostage to the global slowdown, even if it cannot remain immune to it, and its growth this year and next should be only a little below longer-run trends. But with commodity prices soaring and despite government price restraints, inflation is accelerating and is likely to hit decade-long highs. Rising inflation expectations are a more immediate threat to developing Asia than the prospect of a moderate slowdown in growth.
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