World Bank2023-09-212023-09-212023-10-01978-1-4648-2028-1https://openknowledge.worldbank.org/handle/10986/40383Most economies in developing East Asia and Pacific (EAP), other than several Pacific Island Countries, have recovered from the succession of shocks since 2020 and are continuing to grow, albeit at a slower pace. While the region will benefit from a recovery of the global economy in 2023, high indebtedness, a slowdown in China economy, and trade and industrial policy in other countries will hurt the region. Looking forward, diffusion of digital technologies and policy reforms in the services sector is posed to create opportunities and play an increasing role in the economic development of the region.en-USCC BY 3.0 IGOEAST ASIACHINAPACIFIC ISLANDSECONOMIC GROWTHSERVICES SECTORSTRUCTURAL CHANGEDIGITALIZATIONJOBSPRODUCTIVITYSerialWorld Bank10.1596/978-1-4648-2028-1