Asian Development Outlook 2011 Update: Preparing for Demographic Transition

Date: September 2011
Type: Books
Country:
Subject:
Series: Asian Development Outlook
ISBN: 978-92-9092-390-9 (print), 978-92-9092-392-3 (web)
ISSN: 1655-4809 (print)

Description

The annual Asian Development Outlook, generally launched in April, presents an analysis of developing Asia’s recent economic performance plus its prospects for the next two years. This Update shows whether these forecasts were met, explaining divergence between forecasts and the actual outturn, and firms the forecasts for the next 18 months or so.


Asian Development Outlook 2011 Update: A Look at Aging Asia

The Update expects developing Asia to sustain its robust growth over the next 2 years, despite the tepid outlook for the United States, the eurozone, and Japan. The region will be buttressed by healthy domestic demand and buoyant intraregional trade. Managing inflation has to be a key focus for policy makers, to allow for inclusive growth.

Such growth includes the elderly, who are all too often left behind as Asia’s traditional family networks weaken. As the elderly will form an ever-larger share of the region’s population over the next few decades, states will have to ensure their economic security—and meet the wider economic implications for society.

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