World Bank East Asia and Pacific Economic Update, October 2017 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook World Bank East Asia and Pacific Economic Update, October 2017 write by World Bank. This book was released on 2017-10-03. World Bank East Asia and Pacific Economic Update, October 2017 available in PDF, EPUB and Kindle. The economic outlook for the developing EAP region remains positive, and will benefit from an improved external environment as well as strong domestic demand. The growth of regional GDP excluding China is forecast to accelerate in 2018, while China's GDP growth is expected to decline in 2018 and 2019, although remain higher than most countries in the region. Poverty is projected to continue its long-term decline. Major downside risks include financial sector vulnerabilities, large fiscal imbalances, and the possible escalation of geopolitical tensions. The improved outlook for global growth provides a window of opportunity for developing EAP to continue to reduce key vulnerabilities and strengthen the foundations for sustained and inclusive growth in the medium term. The region could also benefit from further developing tourism sectors and deepening of regional integration, to offset the emerging global protectionism. And policies to ensure inclusive growth should involve ensuring economic mobility and security for all, going beyond the primary focus on reducing poverty.
World Bank East Asia and Pacific Economic Update, October 2022
World Bank East Asia and Pacific Economic Update, October 2022 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook World Bank East Asia and Pacific Economic Update, October 2022 write by World Bank. This book was released on 2022-09-30. World Bank East Asia and Pacific Economic Update, October 2022 available in PDF, EPUB and Kindle. East Asia and the Pacific does not so far conform to the current narrative of stagflation. The region, with some exceptions, is growing faster and has lower inflation than other regions. And prospects for several countries have improved, as they bounced back from the distress of the Delta wave in a still buoyant global economy. But this rosy picture must not obscure four impediments to inclusive and sustainable growth: disease, deceleration, debt, and distortions. In particular, current policies to contain inflation and debt are distorting the markets for food, fuel and finance in ways that could compromise development goals. In each case, more efficient measures could address current difficulties without undermining longer term objectives.
World Bank East Asia and Pacific Economic Update, October 2018
World Bank East Asia and Pacific Economic Update, October 2018 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook World Bank East Asia and Pacific Economic Update, October 2018 write by World Bank. This book was released on 2018-10-03. World Bank East Asia and Pacific Economic Update, October 2018 available in PDF, EPUB and Kindle. "Despite some financial turbulence, growth in developing East Asia and Pacific (EAP) was resilient during the first half of 2018. The growth outlook for the region remains positive. After peaking in 2017, growth in developing EAP is expected to slow modestly in 2018, as China's economic expansion continues to moderate. However, downside risks have significantly intensified. An escalation in trade tensions and heightened financial market turbulence, either due to an acceleration in U.S. monetary policy normalization or contagion from other emerging markets could threaten the region's growth prospects. To navigate uncertainty, developing EAP economies should reduce short-term vulnerabilities and enhance buffers, redouble their commitment to an open, rules-based international trade and investment framework, including through deeper regional economic integration, and deepen structural reforms. The intensification of risks underscores the need to continue to enhance economic security by investing in human capital and strengthen social assistance and insurance programs to increase households' resilience to systemic shocks."
World Bank East Asia and Pacific Economic Update, October 2023
World Bank East Asia and Pacific Economic Update, October 2023 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook World Bank East Asia and Pacific Economic Update, October 2023 write by World Bank. This book was released on 2023-10. World Bank East Asia and Pacific Economic Update, October 2023 available in PDF, EPUB and Kindle. Economic activity in much of developing East Asia and Pacific (EAP), other than several Pacific Island Countries, has recovered from the succession of shocks since 2020 but is now slowing down. Private consumption and the recovery of tourism had sustained growth in the region but is running out of steam. Slowing global growth is leading to a contraction in exports. Public investment and private investment also remain low in much of the region. Most governments in the region are projected to consolidate fiscally in 2023. The revival of growth in the region will depend crucially on the state of the services sectors. Even though manufacturing has powered EAP development, services already account for more than half of value added and employment. A digital revolution is leading to structural change within all services sectors, with the combination of new domestic platform-based services and more internationally tradable services boosting productivity. Harnessing the digital revolution for inclusive economic growth requires deeper services reforms.
East Asia and Pacific Economic Update, October 2021
East Asia and Pacific Economic Update, October 2021 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook East Asia and Pacific Economic Update, October 2021 write by World Bank. This book was released on 2021-09-27. East Asia and Pacific Economic Update, October 2021 available in PDF, EPUB and Kindle. "Long COVID: Scars and Opportunity." The title of this report has two meanings. First, that the disease will leave in its wake a durably damaged economy. Second, that the disease is not leaving any time soon and may be here to stay. This duality reflects the two themes of this Update. In the near time, the persistence of the pandemic will prolong human and economic distress unless individuals and firms can adapt. In the longer-term, COVID-19 will reduce growth and increase inequality unless we can remedy the scars and grasp the opportunities created by the pandemic. Accordingly, policy action must help economic agents not just to adjust today but also to make choices that avert economic sluggishness and disparity tomorrow. We begin by addressing three proximate questions: What is happening to the economies? Why? And what can we expect? We then discuss the longer-term impact of COVID-19, on growth through the impact on firms and on inequality through the impact on households.
