State of the Region Report 2006


Annex 1: Economic Outlook Data Tables


T1: Real economic growth and increase in consumer prices for PEO economies, 2004-2007 (%)


Note: National currency based. The weighted average is based on the respective economies' 2003-2005 total trade merchandise (see Appendix Table 8).
Source: PEO forecasters




T2: Real export and import growth for PEO economies, 2004-2007 (%)


Note: Export/Imports of goods and services. National currency based. The weighted average is based on the respective economies' 2003-2005 total trade merchandise (see Appendix Table 8).
Source: PEO forecasters.




T3: Current account of the balance of payments for the PEO economies, 2003-2007 (US$B and % of GDP)


Note: The weighted average is based on the respective economies' 2002-2004 total trade merchandise.
Source: PEO forecasters.




T4: Forecast of contributions to real GDP/GNP growth rate for PEO economies, 2006-2007 (% per year)


Note: National currency based. Components of GDP/GNP do not add up to overall growth rates for some economies, due to statistical discrepancies.
Source: PEO forecasters.



T5: Actual and forecast levels of short-term, long-term interest rates for PEO economies, 2004-2007 (%)


Source: PEO forecasters.



T6: Exchange Rates, 2004-2007 (Local Currency Per US$)


Source: PEO forecasters.



T7: GDP Deflator Index


Note: Base year = 100 unless otherwise noted.
* Australian financial year, covering Q3-Q4 of 2003 and Q1-Q2 of 2004.
Source: PEO forecasters



T8: Trade Weights, 2003-2005 average (%)


Source: Compiled from WTO Statistics. Trade Weights is the total merchandise (imports and exports) of each country over the total trade merchandise of PEO economies.


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Discussion Forum

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Hugh Stephens, Distinguished fellow, Asia Pacific Foundation of Canada; Vice-Chair of the Canadian National Committee for Pacific Economic Cooperation (CANCPEC)

Near-Shoring gains traction as Globalisation stalls
Mark Millar, Author of Global Supply Chain Ecosystems and Visiting Lecturer at Hong Kong Polytechnic University

Going It Alone in the Asia-Pacific: Regional Trade Agreements Without the United States
Peter A. Petri (PIIE), Michael G. Plummer (Johns Hopkins University and East-West Center), Shujiro Urata (Waseda University) and Fan Zhai (Former Managing Director, China Investment Corporation)

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Digital DNA: Disruption and the Challenges for Global Governance
Peter F. Cowhey (University of California, San Diego), 
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Project Team 2006

Editorial Committee:

Yuen Pau Woo (State of the Region Report Coordinator, President & Co-CEO Asia Pacific Foundation of Canada)

Gary Hawke (Head, School of Government, Victoria University of Wellington, New Zealand)

Charles E. Morrison (PECC Chair, President East-West Center, USA)

Jusuf Wanandi (Member, Board of Trustees, Centre for Strategic and International Studies, Indonesia)

Soogil Young (President, National Strategy Institute, Korea)

Additional Contributors:

Mark Borthwick (Director, US Asia Pacific Council)

Masahiro Kawai (Head, Office of Regional Integration, Asian Development Bank)

Eduardo Pedrosa (Secretary General, PECC International Secretariat)

Robert Scollay (Head, APEC Study Centre, University of Auckland)

Hadi Soesastro (Executive Director, Centre for Strategic and International Studies)