Report: East Asia GDP growth is expected to exceed 5%

Fang Xiangming [China's continued reform and the upgrading of consumption structure of East Asian trade and investment have brought about sustained and far-reaching positive effects of] ASEAN Plus Three Macroeconomic Research Office (AMRO) 4 said Tuesday, East Asia remains the world's best economic performance Area。
Growth was mainly driven by the domestic demand, while economies also continued to benefit from regional integration in trade and investment, and China is the cornerstone of stability in the region's economic growth。
AMRO In a report entitled "2017 Annual Report of the East Asia Economic Outlook" (ASEAN + 3RegionalEconomicOutlook2017) in said main external risks currently facing East Asia is that global uncertainties, including trade protectionism and increasing the liquidity crunch。 Overall, however, the East Asian economies to external shocks toughness strong, basically stable growth than expected in 2017?2018 growth% and% respectively。
In macroeconomic policy, the report said, by raising interest rates affect East Asia there is a potential risk of capital outflows, the East Asian economies should maintain ample reserves, appropriate policy intervention and exchange rate flexibility is also conducive to dealing with the impact of external risks。 On monetary policy, compared with 2016, global liquidity tightening and rising inflation, narrowing the space to support economic growth by easing monetary policy。 Fiscal policy has the potential to play a role in offsetting the downside risks to the economy, but space is limited further easing of fiscal policy。 In economic stabilization factors, such as the US dollar index mild pullback, the recent capital outflows and currency depreciation pressures eased。 However, still we need to closely monitor the Fed to raise interest rates to speed up the pace of the domestic economic situation and the impact on capital flows。
Report that, given the Chinese economy as a whole is still in the high-speed and relatively stable growth stage, small hard landing risk, the current focus is to accelerate structural reforms, in particular, effectively promote the reform of state control corporate debt growth and reduce excess capacity, give full play the decisive role of the market and enhance macroeconomic policy coordination and effectiveness, etc.。 In addition, the need to strengthen risk identification and disposal of the financial system, promote financial stability。 AMRO in the report pointed out that China's continued reform and the upgrading of consumption structure of East Asian trade and investment have brought about sustained and far-reaching positive impact。 For example, China's transition to consumption-led growth model, and the middle class continues to grow, driven by other East Asian economies, exports to China more consumer goods。


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