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South Asia Economic Focus, Spring 2013 : Regaining Momentum
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Kitzmuller, Markus, author.
- Gould, David, author.
- Rama, Martín, author.
- Series:
- South Asia Economic Focus
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Economic Growth.
- Economic Indicators.
- Economic Policy.
- Economic Risks.
- Foreign Direct Investment.
- International Economics and Trade.
- Investment.
- Macroeconomic Developments and Outlook.
- Macroeconomics and Economic Growth.
- World Bank.
- Local Subjects:
- Economic Growth.
- Economic Indicators.
- Economic Policy.
- Economic Risks.
- Foreign Direct Investment.
- International Economics and Trade.
- Investment.
- Macroeconomic Developments and Outlook.
- Macroeconomics and Economic Growth.
- World Bank.
- Physical Description:
- 1 online resource (58 pages)
- Other Title:
- South Asia Economic Focus, Spring 2013
- South Asia Economic Focus
- Place of Publication:
- Washington, D.C., The World Bank, 2013.
- System Details:
- data file
- Summary:
- South Asia is regaining its economic momentum, but the recovery in the world's region with the largest number of poor people could falter in the absence of a stronger investment climate. The combined growth of Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka was just 4.7% in 2012, substantially below pre-crisis levels. Much of the recent slowdown in economic growth can be attributed to stagnating investment. Total fixed investment grew by 2.6% in 2012, down from a high of 16.7% in 2010. The performance varies widely across the region. At the same time, the region is now more vulnerable because current account balances have widened, foreign direct investment has slowed, and persistently high inflation has limited the ability for central banks to use monetary policy to counter any economic downturn. Because of rising imports, countries in South Asia are also more vulnerable to increases in commodity prices. Therefore, the outlook remains cautiously optimistic with a relatively large downside risk. A pick-up of growth to 5.5% can be expected in 2013 dependent on ongoing efforts to rebuild policy buffers and boost private investment.
- Notes:
- Description based on print version record.
- ISBN:
- 0-8213-9979-9
- Publisher Number:
- 10.1596/978-0-8213-9979-8
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