Managing headwinds.
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, incl...
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Corporate Authors: | ; ; ; ; |
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Group Author: | ; |
Published: |
World Bank Group,
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Publisher Address: | Washington, DC : |
Publication Dates: |
[2019] ©2019 |
Literature type: | Book |
Language: | English |
Series: |
World Bank East Asia and Pacific economic update ;
April 2019 |
Subjects: | |
Summary: |
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. |
Item Description: |
Donation "... a joint product of the World Bank Office of the Chief Economist, East Asia and Pacific Region, and the Macroeconomics, Trade and Investment Global Practice, prepared in collaboration with the Poverty and Equity Global Practice, Prospects Group, and the Finance and Markets Global Practice. The report was prepared by Ergys Islamaj (Co-Task Team Leader) and Dhruv Sharma (Co-Task Team Leader), under the guidance of Andrew Mason (Acting Chief Economist, East Asia and Pacific Region). ndiame Diop, Deepak Mishra and Salman Zaidi provided valuable advice to the team."--Preface and acknowledgments. |
Carrier Form: | xx, 142 pages : color illustrations, color maps ; 28 cm. |
Bibliography: | Includes bibliographical references. |
ISBN: |
9781464814129 (paperback) 9781464814129 1464814120 |
CLC: |
F160 F130 |
Call Number: | F130/M266-1 |