Asia Pacific economic outlook - July 2009
The July 2009 edition of the Asia Pacific economic outlook gives a near-term outlook for China, Philippines, South Korea, and Vietnam
China – The economy is recovering much faster than expected because of stimulus spending and banks loans. There are serious concerns about where the bank loan money is being invested as well as overcapacity.
Philippines – While showing some green-shoots of recovery, the economy is still on a downward bias. The government is cutting spending because of rising fears on the budget deficit.
South Korea – The economy is recovering better than expected, for now at least. High unemployment numbers could seriously dent the recovery.
Vietnam – While the economy is growing at a good pace, the economy is flooded with money from subsidized bank loans and there is a risk of inflation.