The October 2013 edition of the Asia Pacific Economic Outlook gives a near-term outlook for China, India, Singapore, and Vietnam.
China: Signs of stabilization
By Dr. Ira Kalish
The Chinese government says, and recent evidence shows, that the economy is showing signs of stabilizing, and that the desired 7.5 percent rate of growth appears to be attainable. One of the important drivers of economic growth that the leadership wants to promote is urbanization.
India: Policies and confidence crisis impact growth
By Dr. Rumki Majumdar
A recent downpour of economic events adversely impacted India’s equity market, currency, and capital account balance. The Reserve Bank of India’s monetary measures have failed to contain the fall in currency—an indication that investors are probably losing faith in the Indian growth story.
Singapore: Cause for optimism
By Akrur Barua
Economic fortunes seem to be improving in Singapore, with this quarter’s nascent manufacturing recovery and exports revival. However, the city-state will continue to face challenges—both cyclical as well as structural.
Vietnam: Not out of the woods yet
By Navya Kumar
The Vietnamese economy was a shade better in Q2 2013, but not what it used to be—due to both global factors as well as sluggish domestic economic reforms. The few bright spots, such as double-digit growth in exports and growing inflows of FDI, also reveal challenges upon closer examination.