2. Growth
Source: World Bank; DataStream.
-7
-2
3
8
13
18
11Q1 11Q2 11Q3 11Q4 12Q1 12Q2 12Q3 12Q4 13Q1
ASEAN 4 China Developing excl. EAP World excl. EAP
GDP, % change, quarter-over-quarter, saar
3. Loose policies
Source: World Bank; IMF, IFS.
-10
0
10
20
30
40
50
07M03 08M03 09M03 10M03 11M03 12M03 13M3
China Indonesia Malaysia
Philippines Thailand Vietnam
Real credit growth, % change, year-over-year
4. Growth outlook in 2013
Source: World Bank; DataStream.
-45
-35
-25
-15
-5
5
15
25
35
45
55
08Q1 09Q1 10Q1 11Q1 12Q1 13Q1
Malaysia Thailand Indonesia China Philippines
GDP growth, q/q , saar
5. Growth outlook in 2014 and 2015 and risks
Loose policies contributed to rising
debt levels
Price pressures in selected
countries of the region
Source: World Bank; IMF; BIS. Source: World Bank; DataStream.
0 50 100 150 200
Malaysia
China
Thailand
Indonesia
General Government
Non-Financial corporations
HH
Other
Share of GDP
0
2
4
6
8
10
12
14
11M0511M0811M1112M0212M0512M0812M1113M0213M05
East Asia (excludes China)
China
Indonesia
CPI, % change, 3m/3m, saar
6. Policy recommendations
Source: World Bank; DataStream.
-50
-40
-30
-20
-10
0
10
20
30
40
50
12M06 12M08 12M10 12M12 13M02 2013M04
Japan China
East Asia excl. China Indonesia
Philippines
Percentage change, 3m/3m, saar