Description

The emerging Asia-Pacific economies are likely to register moderate growth in 2014. While the downside risk factors due to advanced economies ebbed in 2013, domestic demand is expected to be strong in 2014, sustained by easy financial conditions, a healthy labor market, strong investment in infrastructural projects, and robust manufacturing sector growth. However, US fiscal and political issues raise uncertainties and volatility in capital flows. Slow growth in China and shrinking global liquidity pose risks to short-term growth.