Ifzal Ali
Ifzal Ali
close developing economies economy expected firm global growth industrial key major potential remains strength trade
The strength of the global economy remains a key determinant of growth in developing Asia. The major industrial economies are expected to grow close to potential and global trade will remain firm this year.
benefits economic growth high poverty rapid rates reduction requires
Rapid poverty reduction requires not only high rates of economic growth but also that the benefits of this growth be distributed more equitably.
alone economic growth solve strong
Strong economic growth alone won't solve the problem.
growth high process sustaining
Strengthening the inclusiveness of the growth process is a precondition to sustaining high growth rates.
benefit create growth jobs nation order paying population rapid steadily
In order for rapid population growth to matter, a nation must steadily create good, decent- paying jobs to benefit from it.
continue drawing expansion expected growth healthy internal south strong structural
The healthy expansion is expected to continue drawing on strong internal dynamics, particularly, growth in the PRC and structural improvements in South Asia.
cent easily five growth per six step within
In India, for example, we could step back from 7-8 per cent growth to 3-4 per cent growth very easily within five to six years if unemployment and underemployment is not addressed.
clinical issue
I think this is an issue that should not be politicized but has to be addressed with clinical objectivity.
affluent youth
We see more affluent youth going in for consumption, which is something that's very new for this part of the world.
dollars oil prices remain revise
We will have to revise our projections downwards if oil prices remain at 70 dollars a barrel.
continue despite developing optimistic
Despite all of this, we continue to be cautiously optimistic on developing Asia.
balance bangladesh beginning external fiscal huge increase pressure seeing
We are seeing a huge increase in all import bills. Some of them are beginning to feel pressure on the external balance of payments. Fiscal strains in India, Indonesia, Bangladesh are particularly huge.
developing major
We are already witnessing major strains in many of our developing countries,
against asian fight progress
Asian governments are making significant progress in the fight against poverty.