Publication:
Papua New Guinea Economic Update, July 2019: Recovery Amid Uncertainty

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2019-07-10T15:57:31Z
dc.date.available2019-07-10T15:57:31Z
dc.date.issued2019-07-01
dc.description.abstractPapua New Guinea’s (PNG) economy has started recovering from a series of external shocks, but its growth outlook remains fragile due to rising uncertainties. The recovery is being observed in the resource sector, mainly in its extractive segment dominated by liquefied natural gas (LNG), while growth in the non-resource economy remains subdued due to sluggish domestic demand. A longer-term government agenda of building an inclusive and sustainable economy will require a focus on structural reforms. It also looks at sector-specific issues and identifies a set of implementation actions for each priority sector. Agriculture is one of the priority sectors due to its large share of the economy and the vast population living in rural areas that is involved in subsistence and cash income agriculture. To realize the potential of agriculture as a source of income and job creation, the authorities should consider policy options and responses that will secure sustainable rural livelihoods in food and agriculture, as discussed in the report.en
dc.identifierhttp://documents.worldbank.org/curated/en/534921562647834569/Papua-New-Guinea-Economic-Update-Recovery-Amid-Uncertainty
dc.identifier.doi10.1596/32041
dc.identifier.urihttps://hdl.handle.net/10986/32041
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC OUTLOOK
dc.subjectFISCAL TRENDS
dc.subjectMONETARY POLICY
dc.subjectEXTERNAL SECTOR
dc.subjectRISKS
dc.subjectAGRICULTURAL PRODUCTIVITY
dc.subjectRURAL LIVELIHOODS
dc.subjectSUSTAINABLE DEVELOPMENT
dc.titlePapua New Guinea Economic Update, July 2019en
dc.title.subtitleRecovery Amid Uncertaintyen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titlePapua New Guinea Economic Update, July 2019
okr.date.disclosure2019-07-09
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/534921562647834569/Papua-New-Guinea-Economic-Update-Recovery-Amid-Uncertainty
okr.guid534921562647834569
okr.identifier.doi10.1596/32041
okr.identifier.externaldocumentum090224b086edb271_2_0
okr.identifier.internaldocumentum31233384
okr.identifier.report138863
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/534921562647834569/pdf/Papua-New-Guinea-Economic-Update-Recovery-Amid-Uncertainty.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryPapua New Guinea
okr.topicPublic Sector Development::Public Sector Economics
okr.topicAgriculture::Agricultural Sector Economics
okr.topicAgriculture::Food Security
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicPoverty Reduction::Rural Poverty Reduction
okr.topicRural Development::Agricultural Growth and Rural Development
okr.unitEFI - EAP - MTIC - 2 (EEAM2)
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