By United Nations
The region's oldest and so much finished annual evaluate of monetary and social advancements forecasts the exterior setting in Asia-Pacific to be much less beneficial in 2007, yet sees persisted dynamism regardless of hazards of additional oil rate shocks, and a pointy depreciation of the united states greenback. The Survey warns that interventions via financial specialists to maintain currencies down are resulting in inflated asset values, in particular in housing and fairness markets. coping with alternate charges would be the largest problem dealing with Asia-Pacific economies in 2007.
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Additional resources for Economic and Social Survey of Asia and the Pacific 2007: Surging Ahead in Uncertain Times
An abrupt cooling of housing markets in the United States. An abrupt adjustment in housing prices could reduce economic growth in the United States, a key export destination of emerging Asia, especially East Asia. Recent data shows that the housing market in the United States is now softening, with a falling demand for mortgages and a declining rate of increase in housing prices. The market adjustment has so far been orderly. However, a sharper than expected decline in housing prices still cannot be ruled out.
A stronger yuan and weaker electronics demand would reduce exports, while tighter domestic policy would slow investment. 0% in 2007, led by services and accelerating industrial production. 2% achieved in 2006. The Reserve Bank is likely to continue to nudge interest rates up over the next 12 months, and the programme of fiscal consolidation now under way is set to continue. 2% in 2006. 8. Real GDP growth forecast for selected developing economies in the ESCAP region (Per cent) China Hong Kong, China India Indonesia Malaysia Pakistan Philippines Republic of Korea Russian Federation Singapore Taiwan Province of China Thailand Developing ESCAP economies 0 2 4 6 2006 Source: ESCAP estimates and forecast.
Is the main objective to enhance goods trade, services trade and/or foreign direct investment, ensure support for overall economic reform (as a stability anchor), or for political and security cooperation? • Is it possible to obtain the same results through other liberalization tracks (unilateral, multilateral)? CHAPTER 1. • Might any sectors in the economy and social segments be adversely affected by the agreements, and what are the planned measures to ease those effects? Will this require excluding such sectors from the agreement?
Economic and Social Survey of Asia and the Pacific 2007: Surging Ahead in Uncertain Times by United Nations