{
  "title": "Asia and Pacific Regional Economic Outlook Update, October 2014",
  "publication": "Asia and Pacific, October 10, 2014",
  "sourceUrl": "https://www.imf.org/en/publications/reo/apac/issues/2017/01/07/regional-economic-outlook-update-asia-and-pacific",
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  "summary": "GDP is forecast to grow by 5.5 percent for the third consecutive year in 2014.",
  "sections": [
    {
      "heading": "Short-term growth outlook",
      "content": "- GDP is forecast to grow by 5.5 percent for the third consecutive year in 2014.\n- GDP is forecast to rise slightly to 5.6 percent in 2015.\n- Despite a weaker-than-expected first half of the year, the outlook for the Asia and Pacific region remains solid.\n- The ongoing global recovery, described as tepid, should support Asia’s exports.\n- Favorable financial and labor market conditions, and broadly accommodative policies, will continue to underpin domestic demand."
    },
    {
      "heading": "Downside risks and channels",
      "content": "- Financial dislocations associated with higher global interest rates.\n- Protracted weak growth in advanced and emerging market economies.\n- A sharper-than-anticipated downturn in China’s real estate sector.\n- Less-effective-than-envisaged Abenomics in Japan.\n- Geopolitical tensions that could disrupt trade and financial flows, with adverse effects on growth."
    },
    {
      "heading": "Policy guidance and recommendations",
      "content": "- Policymakers in the region should capitalize on the outlook to gradually rebuild policy space.\n- Push ahead with structural reforms to deliver sustainable growth.\n- Fiscal consolidation should generally continue in a calibrated manner, especially where debt levels are higher.\n- Monetary normalization should proceed particularly where inflation pressures are high or building up.\n- Note: \"While there is no one-size-fits-all approach\"—policy prescriptions should be tailored to individual country circumstances.\n\nAsia and Pacific Regional Economic Outlook Update, October 2014\n\n---\n\n Content in this bundle\n\n- 亚太地区：依然强劲;  基金组织概览;  2014年10月\n  - 亚太地区：依然强劲;  基金组织概览;  2014年10月 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 亚太地区：依然强劲;  基金组织概览;  2014年10月 (PDF){rel=\"external\" type=\"application/pdf\"}\n- アジア太平洋経済：依然力強い; IMF サーベイ; 2014年10月10日\n  - アジア太平洋経済：依然力強い; IMF サーベイ; 2014年10月10日 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - アジア太平洋経済：依然力強い; IMF サーベイ; 2014年10月10日 (PDF){rel=\"external\" type=\"application/pdf\"}\n- Asia dan Pasifik: Masih Tetap Kuat\n  - Asia dan Pasifik: Masih Tetap Kuat (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Asia dan Pasifik: Masih Tetap Kuat (PDF){rel=\"external\" type=\"application/pdf\"}\n- 아시아 태평양 지역: 견실한 성장 지속\n  - 아시아 태평양 지역: 견실한 성장 지속 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 아시아 태평양 지역: 견실한 성장 지속 (PDF){rel=\"external\" type=\"application/pdf\"}\n- เอเชียและแปซิฟิก: ยังคงแข็งแกร่ง\n  - เอเชียและแปซิฟิก: ยังคงแข็งแกร่ง (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - เอเชียและแปซิฟิก: ยังคงแข็งแกร่ง (PDF){rel=\"external\" type=\"application/pdf\"}\n- Châu Á Thái Bình Dương: Vẫn n vững vàng\n  - Châu Á Thái Bình Dương: Vẫn n vững vàng (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Châu Á Thái Bình Dương: Vẫn n vững vàng (PDF){rel=\"external\" type=\"application/pdf\"}\n- Asia and Pacific Economic Outlook: October 2014 Update\n  - Asia and Pacific Economic Outlook: October 2014 Update (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Asia and Pacific Economic Outlook: October 2014 Update (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\n References\n\n- Sign up to receive free e-mail notices when new series and/or country items are posted on the IMF website.\n- Modify your profile\n- Chinese\n- Transcript of the Asia and Pacific Department Press Briefing: Regional Economic Outlook Update\n- Asia and Pacific: Regional Economic Outlooks Archive\n- Regional Economic Outlooks\n- IMF Regional Reports\n- World Economic Outlook Archives\n- Subscribe\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/publications/reo/apac/issues/2017/01/07/regional-economic-outlook-update-asia-and-pacific"
    }
  ],
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    "[Markdown version](/en/publications/reo/apac/issues/2017/01/07/regional-economic-outlook-update-asia-and-pacific/index.md)",
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    "Published: October 10, 2014",
    "Series: Asia and Pacific",
    "GDP is forecast to grow by 5.5 percent for the third consecutive year in 2014.",
    "GDP is forecast to rise slightly to 5.6 percent in 2015.",
    "Despite a weaker-than-expected first half of the year, the outlook for the Asia and Pacific region remains solid.",
    "The ongoing global recovery, described as tepid, should support Asia’s exports.",
    "Favorable financial and labor market conditions, and broadly accommodative policies, will continue to underpin domestic demand.",
    "Financial dislocations associated with higher global interest rates.",
    "Protracted weak growth in advanced and emerging market economies.",
    "A sharper-than-anticipated downturn in China’s real estate sector.",
    "Less-effective-than-envisaged Abenomics in Japan.",
    "Geopolitical tensions that could disrupt trade and financial flows, with adverse effects on growth.",
    "Policymakers in the region should capitalize on the outlook to gradually rebuild policy space.",
    "Push ahead with structural reforms to deliver sustainable growth.",
    "Fiscal consolidation should generally continue in a calibrated manner, especially where debt levels are higher.",
    "Monetary normalization should proceed particularly where inflation pressures are high or building up.",
    "Note: \"While there is no one-size-fits-all approach\"—policy prescriptions should be tailored to individual country circumstances.",
    "**亚太地区：依然强劲;  基金组织概览;  2014年10月**",
    "**アジア太平洋経済：依然力強い; IMF サーベイ; 2014年10月10日**",
    "**Asia dan Pasifik: Masih Tetap Kuat**",
    "**아시아 태평양 지역: 견실한 성장 지속**",
    "**เอเชียและแปซิฟิก: ยังคงแข็งแกร่ง**",
    "**Châu Á Thái Bình Dương: Vẫn n vững vàng**",
    "**Asia and Pacific Economic Outlook: October 2014 Update**",
    "[Sign up to receive free e-mail notices when new series and/or country items are posted on the IMF website.](https://www.imf.org/en/email-subscription/index)",
    "[Modify your profile](https://www.imf.org/en/email-subscription/login)",
    "[Chinese](https://www.imf.org/external/mmedia/view.aspx?vid=3832880594001)",
    "[Transcript of the Asia and Pacific Department Press Briefing: Regional Economic Outlook Update](http://www.imf.org/external/np/tr/2014/tr101014.htm)",
    "[Asia and Pacific: Regional Economic Outlooks Archive](http://www.imf.org/external/pubs/ft/reo/reorepts.aspx?ddlRegions=4&ddlYear=-1)",
    "[Regional Economic Outlooks](https://www.imf.org/external/pubs/ft/reo/reorepts.aspx)",
    "[IMF Regional Reports](https://www.imf.org/external/pubs/cat/region.asp)",
    "[World Economic Outlook Archives](https://www.imf.org/external/ns/cs.aspx?id=29)",
    "[Subscribe](https://www.imf.org/external/RSS/feeds.aspx?Category=PUBS_GF)"
  ],
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