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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 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 2023

2023-10 Business & Economics
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Release : 2023-10
Genre : Business & Economics
Kind : eBook
Book Rating : 287/5 ( reviews)

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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. This book was released on 2023-10. 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.

East Asia and Pacific Economic Update, October 2021

2021-09-27 Business & Economics
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Release : 2021-09-27
Genre : Business & Economics
Kind : eBook
Book Rating : 995/5 ( reviews)

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Book Synopsis East Asia and Pacific Economic Update, October 2021 by : World Bank

Download or read book East Asia and Pacific Economic Update, October 2021 written by World Bank. This book was released on 2021-09-27. Available in PDF, EPUB and Kindle. Book excerpt: "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.

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