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How fast Asia-Pacific economies are expected to grow in 2013

  • #1: China – 8% The IMF cut its forecast of China’s economic growth this year to 8 per cent from 8.2 per cent due to the Chinese government’s effort to achieve a soft landing. Nevertheless, China continues to experience robust domestic demand, both consumption and investment, and some improvement in external demand in the course of 2013.
    1/9

    A man waves a Chinese national flag during a protest denouncing the government's voting policy in Hong Kong

    #1: China – 8% The IMF cut its forecast of China’s economic growth this year to 8 per cent from 8.2 per cent due to the Chinese government’s effort to achieve a soft landing. Nevertheless, China continues to experience robust domestic demand, both consumption and investment, and some improvement in external demand in the course of 2013.
  • #5: Myanmar - 6.6% (from 6.5%) Sharply higher exports and imports in Myanmar in the first quarter of 2013 reflected an improved business environment and the suspension of sanctions. Moving to a higher potential growth trajectory will depend on ongoing reform momentum to promote private investment, the IMF report notes.
    2/9

    Myanmar's team members wave during the closing ceremony of the 26th Southeast Asian Games, on November 22, 2011

    #5: Myanmar - 6.6% (from 6.5%) Sharply higher exports and imports in Myanmar in the first quarter of 2013 reflected an improved business environment and the suspension of sanctions. Moving to a higher potential growth trajectory will depend on ongoing reform momentum to promote private investment, the IMF report notes.
  • #8: India - 6.2% (from 5.7%) A drop of private investment over rising policy uncertainty in South Asia exacerbated supply bottlenecks in India, which contributed to headline inflation that was high compared with that of most other Asian economies, the IMF notes. India also seems to be exposed to a larger risk of growth slowdown stemming from subpar infrastructure.
    3/9

    Sachin Tendulkar waves the Indian flag as he celebrates his team's World Cup win on April 2, 2011

    #8: India - 6.2% (from 5.7%) A drop of private investment over rising policy uncertainty in South Asia exacerbated supply bottlenecks in India, which contributed to headline inflation that was high compared with that of most other Asian economies, the IMF notes. India also seems to be exposed to a larger risk of growth slowdown stemming from subpar infrastructure.
  • #9: Brunei - 6.0% (from 1.2%)
    4/9

    Teenage 400m runner Maziah Mahusin of Brunei

    #9: Brunei - 6.0% (from 1.2%)
  • #13: Singapore - 5.1% (from 2.0%) According to the IMF report, labour market conditions in Singapore are strong, supporting robust consumer confidence and household disposable income.
    5/9

    The crowd cheers as Singapore's former Prime Minister Lee Kuan Yew (C) arrives at the Marina Bay Floating Platform for the annual National Day Parade celebrations in Singapore. (Reuters/Calvin Wong)

    #13: Singapore - 5.1% (from 2.0%) According to the IMF report, labour market conditions in Singapore are strong, supporting robust consumer confidence and household disposable income.
  • #14: Hong Kong - 4.4% (from 3.0%) Unemployment rates in Hong Kong have fallen by more than 1 percentage point over the past year and are substantially lower than the precrisis averages.
    6/9

    Hong Kong fans wave their flag during th

    #14: Hong Kong - 4.4% (from 3.0%) Unemployment rates in Hong Kong have fallen by more than 1 percentage point over the past year and are substantially lower than the precrisis averages.
    AFP/Getty Images
  • #15: Thailand - 4.2% (from 5.9%) Yields from the value added tax (VAT) or sales taxes are remarkable in Thailand, where the system allows only very few exemptions, noted the IMF.
    7/9

    King Of Thailand Celebrates 85th birthday

    #15: Thailand - 4.2% (from 5.9%) Yields from the value added tax (VAT) or sales taxes are remarkable in Thailand, where the system allows only very few exemptions, noted the IMF.
    Getty Images
  • #17: Taiwan - 3.9% (from 3.0%) Taiwan, as a relatively advanced and open economy, direct and indirect exposure to demand from China and Japan is as important as exposure to demand from the United States and Europe. The IMF expects Taiwan to benefit from the ongoing recovery in China and the stimulus measures in Japan.
    8/9

    Taiwanese military band is seen performing in Taipei, on October 10, 2012

    #17: Taiwan - 3.9% (from 3.0%) Taiwan, as a relatively advanced and open economy, direct and indirect exposure to demand from China and Japan is as important as exposure to demand from the United States and Europe. The IMF expects Taiwan to benefit from the ongoing recovery in China and the stimulus measures in Japan.
  • #19: New Zealand - 2.6% (from 2.7%) In New Zealand, a modest recovery from the 2012 earthquake fuelled by reconstruction spending was held back by high household debt and sluggish private consumption.
    9/9

    The Prime Minister Of New Zealand John Key Marks Anzac Day In London

    #19: New Zealand - 2.6% (from 2.7%) In New Zealand, a modest recovery from the 2012 earthquake fuelled by reconstruction spending was held back by high household debt and sluggish private consumption.
    Getty Images
#1: China – 8% The IMF cut its forecast of China’s economic growth this year to 8 per cent from 8.2 per cent due to the Chinese government’s effort to achieve a soft landing. Nevertheless, China continues to experience robust domestic demand, both consumption and investment, and some improvement in external demand in the course of 2013.
#5: Myanmar - 6.6% (from 6.5%) Sharply higher exports and imports in Myanmar in the first quarter of 2013 reflected an improved business environment and the suspension of sanctions. Moving to a higher potential growth trajectory will depend on ongoing reform momentum to promote private investment, the IMF report notes.
#8: India - 6.2% (from 5.7%) A drop of private investment over rising policy uncertainty in South Asia exacerbated supply bottlenecks in India, which contributed to headline inflation that was high compared with that of most other Asian economies, the IMF notes. India also seems to be exposed to a larger risk of growth slowdown stemming from subpar infrastructure.
#9: Brunei - 6.0% (from 1.2%)
#13: Singapore - 5.1% (from 2.0%) According to the IMF report, labour market conditions in Singapore are strong, supporting robust consumer confidence and household disposable income.
#14: Hong Kong - 4.4% (from 3.0%) Unemployment rates in Hong Kong have fallen by more than 1 percentage point over the past year and are substantially lower than the precrisis averages.
#15: Thailand - 4.2% (from 5.9%) Yields from the value added tax (VAT) or sales taxes are remarkable in Thailand, where the system allows only very few exemptions, noted the IMF.
#17: Taiwan - 3.9% (from 3.0%) Taiwan, as a relatively advanced and open economy, direct and indirect exposure to demand from China and Japan is as important as exposure to demand from the United States and Europe. The IMF expects Taiwan to benefit from the ongoing recovery in China and the stimulus measures in Japan.
#19: New Zealand - 2.6% (from 2.7%) In New Zealand, a modest recovery from the 2012 earthquake fuelled by reconstruction spending was held back by high household debt and sluggish private consumption.

The International Monetary Fund (IMF) publishes periodic reports that discuss recent economic developments and prospects for countries in various regions, and key challenges faced by policymakers. In a recent report on Asia-Pacific countries, the IMF examines how they are expected to grow in 2013.