Publication:
World Bank East Asia and the Pacific Economic Update, April 2023: Reviving Growth

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dc.contributor.authorWorld Bank
dc.date.accessioned2023-03-27T18:07:13Z
dc.date.available2023-03-27T18:07:13Z
dc.date.issued2023-03-31
dc.description.abstractEconomic 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.
dc.identifier.doi10.1596/978-1-4648-1983-4
dc.identifier.isbn978-1-4648-1983-4 (electronic)
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/39598
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectEAST ASIA
dc.subjectCHINA
dc.subjectPACIFIC ISLANDS
dc.subjectSTRUCTURAL CHANGE
dc.subjectAGING
dc.subjectADAPTATION
dc.subjectDECOUPLING
dc.subjectFINANCIAL TIGHTENING
dc.subjectSPILLOVERS
dc.subjectASIAN FINANCIAL CRISIS
dc.titleWorld Bank East Asia and the Pacific Economic Update, April 2023
dc.title.subtitleReviving Growth
dspace.entity.typePublication
okr.guid099032923141534850
okr.guid099040323101018929
okr.guid099040323085542224
okr.guid099032923152528695
okr.guid099041923124026809
okr.guid099042323235012353
okr.guid099033123150080429
okr.identifier.doi10.1596/978-1-4648-1983-4
okr.language.supporteden
okr.topicMacroeconomics and Economic Growth
okr.topicInternational Economics and Trade
okr.topicEnvironment
okr.unitEAPVP
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