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World Bank East Asia And Pacific Economic Update October 2022
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Book Synopsis World Bank East Asia and Pacific Economic Update, October 2022 by : World Bank
Download or read book World Bank East Asia and Pacific Economic Update, October 2022 written by World Bank and published by World Bank Publications. This book was released on 2022-09-30 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis World Bank East Asia and Pacific Economic Update, October 2023 by : World Bank
Download or read book World Bank East Asia and Pacific Economic Update, October 2023 written by World Bank and published by World Bank Publications. This book was released on 2023-10 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis World Bank East Asia and Pacific Economic Update, April 2024 by : World Bank
Download or read book World Bank East Asia and Pacific Economic Update, April 2024 written by World Bank and published by World Bank Publications. This book was released on 2024-04 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most economies in developing East Asia and Pacific (EAP) are growing faster than the rest of the world but slower than before the pandemic. Slowing global growth, still tight financial conditions, and an increase in trade protection and industrial support in large and rich countries are key aspects of the external environment shaping the region's economic performance. Amplified public and private debt, constrained macroeconomic policy, and increased policy uncertainty are the major domestic issues. EAP's current macroeconomic challenges risk obscuring the microeconomic foundations of longer-term growth. Over the last decade, EAP's growth has been driven by investment and capital deepening rather than by increased productivity of firms. Now private investment is weak and productivity declining†“further inhibiting the incentive to invest. Firms are the protagonists of productivity growth. Some of the weaker firms in EAP countries are beginning to catch up with stronger firms. But the stronger firms in the region are failing to take full advantage of new technologies: regional leaders risk becoming global laggards. Bold policy action to unleash competition, improve infrastructure and reform education with measured state support could revitalize the region's economy.
Book Synopsis World Bank East Asia and Pacific Economic Update, April 2023 by : World Bank
Download or read book World Bank East Asia and Pacific Economic Update, April 2023 written by World Bank and published by World Bank Publications. This book was released on 2023-03-31 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic activity in developing East Asia and Pacific has recovered from the recent shocks and is growing. However, output remains below pre-pandemic levels in many countries and inflation remains higher than target ranges in some countries. Near-term growth will depend on the dynamics of global growth and commodity prices, and financial tightening, which is likely to continue in the face of high inflation in the US. Taking a long-term view, growth in EAP has been faster and more stable than in much of the rest of the world. The result has been a striking decline in poverty and, in the last decade, also a decline in inequality. But it would be a mistake to let these achievements obscure vulnerabilities, past, present, and future. The region must implement structural, macro-financial, and climate-related reforms to address the problems of slowing productivity growth and scars from the pandemic, even as it faces up to the major challenges of deglobalization, aging and climate change.
Book Synopsis World Bank East Asia and Pacific Economic Update, October 2019 by : World Bank
Download or read book World Bank East Asia and Pacific Economic Update, October 2019 written by World Bank and published by World Bank Publications. This book was released on 2019-10-09 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Growth in the developing East Asia and Pacific region slowed in the first half of 2019 given weakening global demand and heightened policy uncertainty amid ongoing trade tensions. Steady consumption growth helped to partly offset the effects of weakening exports and investment on growth. The region’s growth prospects face intensified downside risks, including further escalation of trade disputes, a sharper-than-expected slowdown in China, the United States and the Euro Area, along with a disorderly Brexit, and an abrupt change in global financing conditions. In some countries, rising indebtedness and other vulnerabilities, such as the constrained capacity for foreign debt rollover, could amplify the negative effects of external shocks. The regional growth moderation underscores the need to address key vulnerabilities and preserve economic dynamism among developing East Asia and Pacific economies. In the short run, countries with sufficient policy space should use available policy tools to stimulate domestic activities. Better quality spending, together with prudent debt management, is needed to safeguard fiscal sustainability. Deepening regional integration would help offset the negative impact of global protectionism. In the medium to long term, pursuing structural reforms that raise competitiveness, support trade and investment, and encourage innovation is critical to boosting productivity and growth.
Book Synopsis World Bank East Asia and Pacific Economic Update, April 2019 by : World Bank
Download or read book World Bank East Asia and Pacific Economic Update, April 2019 written by World Bank and published by World Bank Publications. This book was released on 2019-04-23 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite global economic volatility, growth in developing East Asia and Pacific (EAP) was resilient during 2018, and in the first quarter of 2019. The growth outlook for developing EAP is expected to soften in 2019, as China's economic expansion continues to moderate. Downside risks remain, including expected moderated global demand, continued trade tensions, the risk of a faster-thanexpected financial tightening in developed economies, the risk of weaker-than-expected growth in China, and continued financial market volatility. Also, or in combination, these risks could weigh on the· region's growth prospects in the short-to-medium term. To manage global and regional headwinds, 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.
Book Synopsis World Bank East Asia and Pacific Economic Update, October 2018 by : World Bank
Download or read book World Bank East Asia and Pacific Economic Update, October 2018 written by World Bank and published by World Bank Publications. This book was released on 2018-10-03 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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."
Book Synopsis World Bank East Asia and Pacific Economic Update, October 2017 by : World Bank
Download or read book World Bank East Asia and Pacific Economic Update, October 2017 written by World Bank and published by World Bank Publications. This book was released on 2017-10-03 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Transforming the Rebound Into Recovery by : World Bank
Download or read book Transforming the Rebound Into Recovery written by World Bank and published by World Bank Publications. This book was released on 2010 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: "East Asia and Pacific update November 2009."
Download or read book Asia-Pacific Economic Update written by and published by . This book was released on 2005 with total page 570 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis World Bank East Asia and Pacific Economic Update October 2015 by :
Download or read book World Bank East Asia and Pacific Economic Update October 2015 written by and published by World Bank Publications. This book was released on 2015 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: The East Asia and Pacific Economic Update provides regular, biannual analyses of development trends and economic policy issues across the East Asia and Pacific region.
Book Synopsis East Asia and Pacific Economic Update October 2014 by : World Bank
Download or read book East Asia and Pacific Economic Update October 2014 written by World Bank and published by World Bank Publications. This book was released on 2014-10-09 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: In China, growth will gradually moderate, reflecting intensified policy efforts to address financial vulnerabilities and structural constraints, and place the economy on a more sustainable growth path. In the rest of the region, growth will pick up, as exports firm in line with strengthening global activity, and the impact of domestic adjustment in large ASEAN countries eases. Significant uncertainties remain about the sustainability of the global recovery, and global financial conditions are likely to tighten. The short-term priority in several countries is to address the vulnerabilities and inefficiencies created by an extended period of loose financial conditions and fiscal stimulus. In China, the authorities need to strike a balance between containing growing risks from rising leverage and meeting the indicative growth targets. Over the longer term, the focus in most countries must be on structural reforms to enhance export competitiveness. The report’s special section focuses on education & skills development; international migration; and the policy priorities for the Pacific Island Countries.
Book Synopsis World Bank East Asia and Pacific Economic Update, April 2018 by : WorldBank
Download or read book World Bank East Asia and Pacific Economic Update, April 2018 written by WorldBank and published by World Bank Publications. This book was released on 2018-04-11 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Developing EAP grew slightly faster than anticipated in 2017. The growth ofregional GDP excluding China is forecast to accelerate in 2018, while China's GDP growth is expected to moderate as the economy keeps rebalancing. Major downside risks include volatility associated with faster than expected' monetary policy tightening in advanced economies and rising threat of trade restrictions. Developing EAP countries would need to get ready to respond to increasing interest rates and find ways to raise potential growth in the medium run. Specifically, amid the rising risk of protectionism and changes in the global manufacturing landscape, countries should continue to enhance trade facilitation and integration, increase the effectiveness of schools and education systems and upgrade capabilities to ensure that workers and managers have necessary skills. To provide economic security to the population, policies should focus on strengthening social assistance and insurance programs and increasing resilience to systemic shocks."
Book Synopsis World Bank East Asia and Pacific Economic Update, October 2013 by : World Bank
Download or read book World Bank East Asia and Pacific Economic Update, October 2013 written by World Bank and published by World Bank Publications. This book was released on 2013-10-25 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: The World Bank East Asia and Pacific Economic Update is a comprehensive, twice-yearly review of the region's economies prepared by the East Asia and Pacific region of the World Bank.
Book Synopsis World Bank East Asia and Pacific Economic Update April 2016 by : World Bank
Download or read book World Bank East Asia and Pacific Economic Update April 2016 written by World Bank and published by World Bank Publications. This book was released on 2016-04-11 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the past 6 months, developing East Asia and Pacific has faced a challenging external environment, but growth has generally remained resilient. Over the next 3 years, growth is expected to ease modestly. China will continue its gradual shift to a more sustainable growth path. Some economies will be affected by low commodity prices and weaker external demand. This outlook is subject to elevated risks. Countries should prioritize monetary and fiscal policies that reduce their exposure to risks and strengthen market confidence. In China, there is a need to reduce leverage. In several countries, action is required to enhance transparency, strengthen accountability, and redefine the role of the state. Efforts to reduce barriers to trade should be redoubled, with a particular focus on non-tariff measures and regulatory barriers, including to trade in services. The region must increase its readiness to benefit from the digital revolution, and in particular develop the essential “analog complements†? to digital technologies.
Book Synopsis Robust Recovery, Rising Risks by : World Bank
Download or read book Robust Recovery, Rising Risks written by World Bank and published by World Bank Publications. This book was released on 2010 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: The World Bank East Asia and Pacific Economic Update 2010, Volume 2, is the latest edition of the comprehensive, twice-yearly review of the region's economies prepared by the East Asia and Pacific region of the World Bank. Entitled 'Robust Recovery, Rising Risks, ' this Update notes that output and trade flows have recovered to above pre-crisis levels throughout developing East Asia. Confidence is on the rise, and private sector investment is once again driving growth. Yet greater confidence in the region s growth prospects and concerns about tepid economic expansion in advanced economies are confronting policy makers with a delicate balancing act. In particular, the return of large capital inflows to East Asia has caused currencies to appreciate substantially, and is leading to concerns about asset price bubbles. Countries need to address emerging risks at the same time as medium-term challenges to sustain strong growth. The need for China to rebalance the economy by altering the pattern of growth and investment is increasingly critical for sustainability. Commodity exporters in the region need to ensure a transparent framework to use resource-related revenues for development. The middle-income countries of the region, excluding China, need to raise investment in physical and human capital and encourage innovation if they are to eventually attain high-income status. Presenting unique perspectives along with the latest data on the region, the World Bank East Asia and Pacific Economic Update is a valued resource for policymakers, researchers, businesspersons, students, and anyone else with a serious interest in this dynamic region."
Download or read book East Asia written by World Bank and published by World Bank Publications. This book was released on 2000 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following the disastrous economic downturn of some years ago, the economies of East Asia have struggled to regain stability and equilibrium. As the sequel to East Asia: The Road to Recovery, this book offers both an examination of the state of the East Asian economy and analysis of opportunites in the future. With the crisis stage passed, where does East Asia truly stand, and can one be optimistic about its future prospects? East Asia: Recovery and Beyond offers answers to anyone concerned with the East Asian economies.
