The September 2013 edition of the Asia Pacific Economic Outlook gives a near-term outlook for China, Japan, Myanmar, and the Philippines.
China: Moving toward financial market liberalization
By Dr. Ira Kalish
With much discussion around what China must do to prevent future crises while shifting toward a more sustainable financial path, it is notable that the country has taken a first tentative step in the direction of financial market liberalization. Meanwhile, the economy is growing more slowly than expected.
Japan: What Abe’s win means for the economy
By Dr. Rumki Majumdar
Since Shinzo Abe was elected in December 2012, Japan’s economy appears to be growing much faster than before. Abe’s recent victory in the parliament’s upper-house election has given him a stronger mandate to continue with his economic reforms.
Myanmar: Open but rough road
By Navya Kumar
Myanmar is expected to continue its brisk pace of expansion and liberalization this fiscal year. As a result, the country is attracting the interest of several foreign businesses; however, the increasingly open market presents several hurdles for investors.
Philippines: A good year ahead
By Akrur Barua
The past few months have been good for the Philippines, with positive economic news such as strong first-quarter GDP growth and sovereign rating upgrades. In the medium to long term, however, the economy faces a number of challenges.