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South Asia Economic Focus Spring 2014 : Time to Refocus

Von:

World Bank [aut]

Mitwirkende(r):

World Bank [oth]

Resource type: Ressourcentyp: Buch (Online)Buch (Online)Sprache: Englisch Reihen: South Asia Economic Focus | World Bank E-Library ArchiveVerlag: Washington, D.C : The World Bank, 2014Beschreibung: 1 Online-Ressource (74 p)ISBN:

9781464802737

Andere physische Formen: 9781464802737 | Erscheint auch als: 9781464802737 Druck-AusgabeDOI: DOI: 10.1596/978-1-4648-0273-7Online-Ressourcen:

Zusammenfassung: Gradual removal of stimulus policies continues as developed economies follow their expected path of slow but sustained recovery. After suffering from international portfolio rebalancing triggered by gradual removal of quantitative easing in the US announced in May 2013, India in particular and South Asia more broadly have managed to reduce external vulnerability. However, growth across the region continues to falter while formidable domestic challenges remain to be tackled. The overall short and medium term outlook for South Asia remains cautiously positive. External vulnerabilities are gradually giving way to domestic downside risks as primary concern for growth and macroeconomic stability. Hence, as previous regional economic updates have argued, any positive development in growth will depend on progress isolating domestic threats to and building buffers for macroeconomic stability, strengthening the investment climate, and removing infrastructure bottlenecks. Over the short and medium run, the economic fortunes of South Asian economies will depend in part on financial sector developments. In the short term the key question is how further monetary contraction in the US will affect them. Over the medium run it will be crucial to achieve more robust and efficient financial intermediation to ensure greater resilience to shocks and that resources are allocated to fund major remaining infrastructure gaps. This edition’s focus section attempts to answer the first question and sheds light on risks in the South Asian banking sectorPPN: PPN: 1724893440Package identifier: Produktsigel: ZDB-1-WBA

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