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Economic Performance in the First Half of 2007
Economic growth in emerging East Asia was stronger than expected in the first half of 2007, buoyed by strong consumption and external demand.
Inflation continued to fall in most ASEAN economies, but started to rise in PRC, Korea, and Singapore.
Throughout the region, current account surpluses were sustained in the first half of 2007, while capital inflows remained strong.
Financial markets gained across the region in the first half of the year despite some volatility, with several policy makers increasingly anxious about the risk of a possible equity market bubble.
Monetary policy responses varied across emerging East Asiawith PRC; Korea; and Taipei,China tightening policy, Malaysia keeping policy rates unchanged, while policy rates in Indonesia, Philippines, and Thailand were lowered.
Against a background of favorable economic conditions, financial sectors in the region have generally remained resilient,......
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Title: Economic Performance
Approximate Word Count: 3104
Approximate Pages: 13 (250 words per double-spaced page)
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