Publication: World Bank East Asia and Pacific Economic Update, April 2019: Managing Headwinds
Date
2019-04-23
ISSN
Published
2019-04-23
Author(s)
World Bank
Abstract
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.
Citation
“World Bank. 2019. World Bank East Asia and Pacific Economic Update, April 2019; World Bank East Asia and Pacific Economic Update, April 2019: Managing Headwinds : Managing Headwinds. © Washington, DC: World Bank. http://openknowledge.worldbank.org/handle/10986/31500 License: CC BY 3.0 IGO.”