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East Asia and Pacific Economic Update, May 2012
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EAP Update - May 2012

EAP Update - May 2012 EAP Update - May 2012
Figure 1.
Growth slowed in China but stabilized in other parts of Developing East Asia, though output in Thailand collapsed
in Q4 as a result of the
floods

Figure 2.
The region as a whole still sports the strongest regional economic performance in the world, heavily powered by China
Figure 6.
Domestic demand in H2
2011 remained relatively buoyant…

EAP Update - May 2012

EAP Update - May 2012 EAP Update - May 2012
Figure 7.
…and was the main source
of growth in H2 2011 except
in flood-affected Thailand

Figure 8.
Consumption growth maintained its inertia in the second half of 2011…
Figure 9.
…investment growth expanded in the ASEAN4 but fell in China

EAP Update - May 2012 EAP Update - May 2012 EAP Update - May 2012
Figure 10.
Net exports did not contribute to growth in the second half of 2011

Figure 11.
Unemployment fell across the region...
Figure 12.
…while real wage growth was generally slow.

EAP Update - May 2012 EAP Update - May 2012 EAP Update - May 2012
Figure 15.
Poverty is expected to decrease further…
Figure 16.
…but at a slowing pace
Figure 81.
Labor productivity has grown across the region with China experiencing explosive growth…


EAP Update - May 2012 EAP Update - May 2012 EAP Update - May 2012
Figure 82.
…yet, labor productivity still lags other developing regions
Figure 83.
Financial integration in East
Asia increased in some countries, but not all, since
the 1997/8 crisis…

Figure 84.
…while the region has been a leader in trade integration

EAP Update - May 2012 EAP Update - May 2012 EAP Update - May 2012
Figure 87.
Growth has benefitted from a 'demographic dividend'…
Figure 88.
…yet much of the region will experience a decline in the working age population and will need to increase immigration flows
Table 1.
Annual GDP growth in percent



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