Asian Development Outlook 2015: Financing Asia’s Future Growth
Developing countries in Asia will maintain its strong economic growth in 2015 and 2016 supported by soft commodity prices and recovery in the major industrial economies.
The drop in international oil prices is taking pressure off of consumer prices. Inflation will slow from 3.1% in 2014 to 2.6% in 2015.
As low oil prices are supporting growth in developing Asia, a sudden sharp reversal could undermine the outlook and require policy response. Similarly, while capital inflows to the region have been beneficial for growth, policy makers must carefully manage credit expansion to ensure that it does not lead to excessive leverage and asset price bubbles.
Developing Asia needs a deep, robust financial sector to sustain growth. Policy makers will be challenged to ensure that financial sector development is inclusive, providing broad access to households and firms. Financial stability must also be maintained to enhance growth and equity.
About the Asian Development Outlook
The annual Asian Development Outlook provides a comprehensive analysis of economic performance in the past year and offers forecasts for the next 2 years for the 45 economies in Asia and the Pacific that make up developing Asia.
- Part 1 Oil in the gears of growth
- Steady growth and stable prices in developing Asia
- How lower oil prices affect Asia
- Is Asia’s debt a threat to growth?
- Annex: Low oil price supports recovery
- Part 2 Financing Asia’s future growth
- The case for further developing the financial sector
- Financial development for growth
- Financial access for inclusion
- Financial stability to safeguard inclusive growth
- Toward finance that fosters stable and inclusive growth
- Part 3 Economic trends and prospects in developing Asia
- Central Asia
- East Asia
- South Asia
- Southeast Asia
- The Pacific
- Statistical appendix