Catalog

	Table of Contents
p. 1 of 8 BACK | NEXT I. Developing Asia and the world Developing Asia: Economic highlights of 2004 and prospects for 2005-2007 Prospects for the world economy in 2005-2007 World trade and commodity prices Financial market developments Risks to the outlook, and challenges for developing Asia II. Developing Asia: Subregional trends and prospects III. Promoting competition for long-term development

Asian Development Outlook 2005 Publication Highlights

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Developing Asia and the world

Overview of economic highlights and prospects

The major industrial economies grew at their strongest rate in many years in 2004. In turn, the economies of developing Asia and the Pacific achieved their highest growth since the Asian financial crisis as aggregate gross domestic product expanded by 7.3%. Domestic demand was buoyant and average inflation remained subdued. The strong economic momentum in most regional economies, together with a continued favorable external environment, augurs well for growth over 2005–2007. Average real growth is expected to be between 6.5% and 6.9%, supported by more buoyant domestic demand and strengthening intraregional trade.

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