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.
asia denial high improve oil potential time tremendous
In Asia, for a long time we have been in denial about the sustainability of high oil prices. There is tremendous potential for Asia to improve efficiency.
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.
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.
alone economic growth solve strong
Strong economic growth alone won't solve the problem.
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.
arriving asia biggest needs people plus stations sure train turn urban
Asia needs to make sure its demographic dividend doesn't turn out to be its biggest problem. All those people arriving at urban train stations could be a big plus or a big minus.
asia certain clip clouds fairly fast
Asia is cruising at a fairly fast clip but there are certain clouds on the horizon.
growth high process sustaining
Strengthening the inclusiveness of the growth process is a precondition to sustaining high growth rates.