East Asia And Pacific Economic Update October 2021
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| Author | : World Bank |
| Publisher | : World Bank Publications |
| Total Pages | : 50 |
| Release | : 2021-09-27 |
| Genre | : Business & Economics |
| ISBN | : 1464817995 |
Download East Asia and Pacific Economic Update, October 2021 Book 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.
| Author | : World Bank Group |
| Publisher | : |
| Total Pages | : 50 |
| Release | : 2021 |
| Genre | : |
| ISBN | : |
Download East Asia and Pacific Economic Update, October 2021 Book 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.
| Author | : World Bank |
| Publisher | : World Bank Publications |
| Total Pages | : 186 |
| Release | : 2014-10-09 |
| Genre | : Business & Economics |
| ISBN | : 1464804303 |
Download East Asia and Pacific Economic Update October 2014 Book in PDF, Epub and Kindle
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.
| Author | : World Bank |
| Publisher | : |
| Total Pages | : 186 |
| Release | : 2014 |
| Genre | : |
| ISBN | : |
Download East Asia and Pacific Economic Update October 2014 Book in PDF, Epub and Kindle
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.
| Author | : World Bank |
| Publisher | : World Bank Publications |
| Total Pages | : 339 |
| Release | : 2021-08-03 |
| Genre | : Business & Economics |
| ISBN | : 1464816662 |
Download Global Economic Prospects, June 2021 Book in PDF, Epub and Kindle
The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominent among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.
| Author | : Asian Development Bank |
| Publisher | : |
| Total Pages | : 388 |
| Release | : 2021-08-24 |
| Genre | : |
| ISBN | : 9789292690205 |
Download Key Indicators for Asia and the Pacific 2021 Book in PDF, Epub and Kindle
This publication provides updated statistics on a comprehensive set of economic, financial, social, and environmental measures as well as select indicators for the Sustainable Development Goals (SDGs). The report covers the 49 regional members of ADB. It discusses trends in development progress and the challenges to achieving inclusive and sustainable economic growth across Asia and the Pacific. This 52nd edition discusses how the COVID-19 pandemic has intensified the challenges of meeting development targets, which needed urgent attention even before the global health crisis began. To put into practice the "leave no one behind" principle of the SDGs, the availability of more detailed and informative data is crucial. With the pandemic intensifying society's reliance on digital platforms for remote working and learning, as well as for shopping and entertainment, the 2021 report features a special supplement, Capturing the Digital Economy: A Proposed Measurement Framework and Its Applications, which is rooted in input-output analysis and uses readily available national accounts data. The study provides a sound basis on which to assess the relative importance of the digital economy in national and global production processes.
| Author | : World Bank |
| Publisher | : World Bank Publications |
| Total Pages | : 130 |
| Release | : 2023-10 |
| Genre | : Business & Economics |
| ISBN | : 1464820287 |
Download World Bank East Asia and Pacific Economic Update, October 2023 Book 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.
| Author | : World Bank |
| Publisher | : World Bank Publications |
| Total Pages | : 112 |
| Release | : 2022-09-30 |
| Genre | : Business & Economics |
| ISBN | : 1464819211 |
Download World Bank East Asia and Pacific Economic Update, October 2022 Book 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.
| Author | : World Bank |
| Publisher | : World Bank Publications |
| Total Pages | : 120 |
| Release | : 2023-03-31 |
| Genre | : Business & Economics |
| ISBN | : 1464819831 |
Download World Bank East Asia and Pacific Economic Update, April 2023 Book in PDF, Epub and Kindle
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.
| Author | : INTERNATIONAL MONETARY FUND. |
| Publisher | : International Monetary Fund |
| Total Pages | : 172 |
| Release | : 2021-10-12 |
| Genre | : Business & Economics |
| ISBN | : 1513577522 |
Download World Economic Outlook, October 2021 Book in PDF, Epub and Kindle
The global recovery continues but the momentum has weakened, hobbled by the pandemic. Fueled by the highly transmissible Delta variant, the recorded global COVID-19 death toll has risen close to 5 million and health risks abound, holding back a full return to normalcy. Pandemic outbreaks in critical links of global supply chains have resulted in longer-than-expected supply disruptions, further feeding inflation in many countries. Overall, risks to economic prospects have increased, and policy trade-offs have become more complex.
