Pacific Economic Monitor: July 2013 - Midyear Review

Publication | July 2013

This edition of the Pacific Economic Monitor updates 2013 and 2014 GDP growth and inflation projections for ADB's Pacific developing member countries. The theme of the policy briefs included in this issue is regional cooperation and integration.

Highlights

  • Emerging risks to growth. ThePacific Economic Monitor's midyear review concludes that the projected slowdown in Pacific growth will likely be more pronounced than anticipated at the start of the year, with growth now seen to moderate to 5.0% in 2013 from 7.6% in the previous year.
  • Higher growth in 2014 in line with improved global prospects. A more positive global economic outlook in 2014, driven by projected higher growth in Asia and the US along with an expected end of the recession in Europe, is seen to spill over into the Pacific and increase growth in the region to 5.5% next year.
  • Changing economic ties. The four policy briefs included in this issue, including contributions from the East-West Center and the Crawford School of Public Policy, consider regional cooperation and integration developments in the Pacific.

Contents 

  • Highlights
  • The Economic Setting
  • Country Economic Updates
  • Policy Briefs: Regional Cooperation and Integration
    • Continental Drift: Emerging South Pacific Trade Linkages with Developing Asia
    • Envisioning the North Pacific Economies Post 2023
    • New Trade Cost Estimates for the Pacific
    • Caribbean Integration - Lessons for the Pacific?
  • Economic Indicators