Economic Outlook for Southeast Asia, China and India 2022.

Format:

Book

Author/Creator:

OECD.

Organization for Economic Cooperation & Development, author, issuing body.

Series:

Economic Outlook for Southeast Asia, China and India

Language:

English

Subjects (All):

Economic development.

COVID-19 (Disease).

Physical Description:

1 online resource (250 pages)

Edition:

1st ed.

Place of Publication:

Paris : Organization for Economic Cooperation & Development, 2022.

Summary:

Economic Outlook for Southeast Asia, China and India 2022 addresses financing sustainable recovery from the COVID-19 pandemic. The COVID-19 pandemic is proving to be extremely costly, both economically and socially and sustainable financing solutions are crucial for an equitable and inclusive recovery.

Contents:

Intro

Foreword

Acknowledgements

Table of contents

Acronyms and abbreviations

Executive summary

Emerging Asia's economies are poised to rebound, but further turbulence may lay ahead

Recovery requires broader financing options

Policies to develop market-based financing tools

Overview

Macroeconomic assessment and economic outlook

Table 1. Real GDP growth in ASEAN, China and India, 2020-23

Figure 1. Spreads to 10-year US Treasuries and yield curve of selected ASEAN economies, January 2020 to March 2022 Figure 2. Evolution of exports and imports of goods for selected Emerging Asian economies, January 2020 to January 2022

Figure 3. Headline inflation in selected Emerging Asian economies, March to December 2021

Figure 4. Total size of fiscal packages and estimated impact on the fiscal balance in selected ASEAN economies, 2020-22

Challenges to the Outlook

ASEAN-5

Brunei Darussalam and Singapore

Cambodia, Lao PDR and Myanmar

China and India

Healthcare and vaccine responses remain critically important as the pandemic continues to unfold Figure 5. COVID-19 cases per million people in Emerging Asia

Various challenges still hinder the effective distribution of vaccines

Figure 6. Vaccination rate in Emerging Asia

International co-operation can provide valuable support to speed up vaccine distribution

Public healthcare responses are a necessary complement to vaccination programmes

Digital tools have played an important part in the management of the pandemic

Table 2. Examples of digital applications related to COVID-19 in Emerging Asia

Telehealth and telemedicine could be further developed Dealing with the risk of inflation amid an uneasy economic recovery is essential

A sustained rise in global prices for food and fuel could alter the course of inflation

A reversal in the monetary-policy stances of advanced economies poses another risk

Vulnerable households are likely to feel the pinch of inflation

Figure 7. Headline inflation in selected ASEAN countries, the euro area, the United Kingdom, and the United States, January 2008 to January 2022

Supply-chain disruptions continue to pose challenges Imbalances in supply and demand have affected global logistics and the production of semiconductors

Figure 8. Exports of semiconductors from selected Asian economies, and minimum lead times for electronic components

Supply-chain disruptions could weaken output growth and affect consumers in Emerging Asia

The current economic environment calls for innovative financing solutions

The current fiscal environment in Emerging Asia is challenging

Table 3. Advantages and limitations of different types of fiscal rules

The monetary environment is changing due to the pandemic.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

92-64-50477-X

92-64-32795-9