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World Bank East Asia and Pacific Economic Update, April 2019

2019-04-23 Business & Economics
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Release : 2019-04-23
Genre : Business & Economics
Kind : eBook
Book Rating : 120/5 ( reviews)

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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. This book was released on 2019-04-23. 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.

World Bank East Asia and Pacific Economic Update, April 2024

2024-04 Business & Economics
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Release : 2024-04
Genre : Business & Economics
Kind : eBook
Book Rating : 02X/5 ( reviews)

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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. This book was released on 2024-04. 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.

World Bank East Asia and Pacific Economic Update, October 2019

2019-10-09 Business & Economics
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Release : 2019-10-09
Genre : Business & Economics
Kind : eBook
Book Rating : 089/5 ( reviews)

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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. This book was released on 2019-10-09. 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.

World Bank East Asia and Pacific Economic Update, April 2023

2023-03-31 Business & Economics
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Release : 2023-03-31
Genre : Business & Economics
Kind : eBook
Book Rating : 831/5 ( reviews)

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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. This book was released on 2023-03-31. 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.

World Bank East Asia and Pacific Economic Update, April 2019

2009
Download World Bank East Asia and Pacific Economic Update, April 2019 PDF Online Free

Author :
Release : 2009
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis World Bank East Asia and Pacific Economic Update, April 2019 by :

Download or read book World Bank East Asia and Pacific Economic Update, April 2019 written by . This book was released on 2009. Available in PDF, EPUB and Kindle. Book excerpt: Despite global economic volatility, growth in developing East Asia and Pacific (EAP) was resilientduring 2018, and in the first quarter of 2019. The growth outlook for developing EAP is expected tosoften 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-thanexpectedfinancial tightening in developed economies, the risk of weaker-than-expected growth inChina, 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 regionalheadwinds, 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. Theintensification of risks underscores the need to continue to enhance economic security by investingin human capital and strengthen social assistance.

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