The prospect for growth in 2005 seems to be much stronger along with improvements in the components of GDP. On the demand side, projected growth would be supported by higher investments while a stable trend is projected for private consumption. Export performance is predicted to improve slightly, despite conducive world trade conditions.
Policy tasks for financial stability in the Asian and Pacific region After undergoing the Asian Financial Crisis from 1997 to 1998, Asian emerging economies, while proceeding with capital account liberalization, improved the resilience of their economies by individually achieving moderate inflation, a sound fiscal policy, and a current account surplus and building up foreign currency reserves as a first line of defense against crisis.