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- W4247481802 abstract "The global financial crisis has highlighted the need for Southeast Asian economies to rebalance the sources of economic growth. More open economies in the region need to rely less on exports and more on domestic demand, although some need to improve the competitiveness of their exports. Economic projections developed for the SAEO 2010 suggest that this rebalancing process is now underway. Growth in the region as a whole will reach pre-crisis levels by 2015 but will be more dependent on domestic investment, followed by private consumption, and less dependent on net exports than before the crisis. Governments in the region need to strengthen their fiscal frameworks in order to meet the challenge of reducing fiscal deficits to sustainable levels while financing infrastructure and other programmes essential to achieving their development goals. The fiscal frameworks will need to incorporate credible medium-term budgetary targets and the means to achieve them. Well-designed fiscal rules and independent fiscal institutions could further strengthen the frameworks." @default.
- W4247481802 created "2022-05-12" @default.
- W4247481802 date "2010-11-26" @default.
- W4247481802 modified "2023-09-27" @default.
- W4247481802 title "Medium-Term Growth and Development Outlook" @default.
- W4247481802 doi "https://doi.org/10.1787/9789264096004-5-en" @default.
- W4247481802 hasPublicationYear "2010" @default.
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