dc.contributor.author	World Bank
dc.date.accessioned	2025-06-16T20:23:07Z
dc.date.available	2025-06-16T20:23:07Z
dc.date.issued	2025-06-16
dc.description.abstract	The World Bank’s Pacific Economic Update (PEU) highlights critical challenges facing 11 Pacific Island countries (PIC-11), including a global economic slowdown and trade policy uncertainty, set against the backdrop of vulnerabilities from limited diversification, natural hazards, and climate-related events. To confront these formidable issues, the report underscores the importance of building resilience. It delves into empowering women with quality jobs and integrating economic and gender strategies, with a particular focus on the energy sector, for sustainable growth and stability. Growth in the PIC-11 slowed from 5.5 percent in 2023 to 3.8 percent in 2024 and is projected to decelerate further to 2.6 percent in 2025, a slower pace than previously anticipated. This slowdown primarily reflects the diminishing post-pandemic rebound in Fiji, the largest economy in the group. In Solomon Islands, economic growth has been hovering at about 2.5 percent, with further acceleration constrained by structural limitations. Additionally, the slowdown is influenced by deteriorating global economic conditions, including slower global growth, more restrictive trade policies, and increased policy uncertainty, impacting the region’s economic outlook. Part one provides an overview of recent economic developments, the outlook, and associated risks. Part two examines the challenges related to female labor force participation in the Pacific, with a focus on women in the energy sector. It offers policy recommendations to increase participation, thereby bolstering economic resilience and fostering sustainable growth.	en
dc.identifier	http://documents.worldbank.org/curated/en/099061125000029992
dc.identifier.uri	https://hdl.handle.net/10986/43339
dc.language	English
dc.language.iso	en_US
dc.publisher	Washington, DC: World Bank
dc.rights	CC BY-NC 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	https://creativecommons.org/licenses/by-nc/3.0/igo
dc.subject	PIC-11
dc.subject	FEMALE WORKFORCE
dc.subject	ENERGY SECTOR
dc.subject	GENDER POLICY
dc.title	Pacific Economic Update, June 2025	en
dc.title.subtitle	Employ Women, Empower the Pacific - A Strategy for Uncertain Times	en
dc.type	Report
dspace.entity.type	Publication
okr.date.disclosure	2025-06-16
okr.date.lastmodified	2025-06-16T19:05:44Z	en
okr.doctype	Economic & Sector Work
okr.doctype	Economic & Sector Work::Economic Updates and Modeling
okr.docurl	http://documents.worldbank.org/curated/en/099061125000029992
okr.guid	099061125000029992
okr.identifier.docmid	P506957-7d26eb99-0110-4068-8a06-4ddf33304488
okr.identifier.externaldocumentum	40020746
okr.identifier.internaldocumentum	40020746
okr.identifier.report	202184
okr.import.id	7695
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	https://documents.worldbank.org/curated/en/099061125000029992/pdf/P506957-7d26eb99-0110-4068-8a06-4ddf33304488.pdf	en
okr.region.administrative	East Asia and Pacific
okr.region.country	PNG & PI
okr.sector	Central Government (Central Agencies)
okr.sector	Public Administration
okr.theme	Poverty and Equity,Macroeconomic Modeling, Data Policy, Law, Regulation, and Governance,Data Diagnostic or Data Assessment,Data Ecosystem,Macroeconomic Simulation and Policy Analysis,Public Expenditure Policy,Macroeconomic Model Development,Fiscal Policy,Economic Policy,Modelling of the Macroeconomics of Climate Change,Poverty and Equity
okr.topic	Gender::Gender and Development
okr.topic	Gender::Gender and Economics

Publication: Pacific Economic Update, June 2025: Employ Women, Empower the Pacific - A Strategy for Uncertain Times

Files

Original bundle

License bundle

Collections

Publication:
Pacific Economic Update, June 2025: Employ Women, Empower the Pacific - A Strategy for Uncertain Times