World Bank East Asia and Pacific Economic Update, October 2016 : Reducing Vulnerabilities

World Bank East Asia and Pacific Economic Update, October 2016 : Reducing Vulnerabilities

Growth in developing East Asia Pacific (EAP) has remained broadly stable in the past 6 months. It is expected to decline gradually during 2016-18, driven entirely by the ongoing slowdown in China, partly offset by a pick-up in the large ASEAN economies. This outlook is subject to elevated risks,...

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Bibliographic Details
Main Author: World Bank
Format: Serial
Language:English
en_US
Published: Washington, DC: World Bank 2016
Subjects:
ASEAN
GROWTH
DEBT
FISCAL BUFFER
INRASTRUCTURE
UNDERNUTRITION
DIGITAL FINANCE
Online Access:http://hdl.handle.net/10986/25088
id okr-10986-25088
recordtype oai_dc
spelling okr-10986-250882021-04-23T14:04:28Z World Bank East Asia and Pacific Economic Update, October 2016 : Reducing Vulnerabilities World Bank ASEAN GROWTH DEBT FISCAL BUFFER INRASTRUCTURE UNDERNUTRITION DIGITAL FINANCE Growth in developing East Asia Pacific (EAP) has remained broadly stable in the past 6 months. It is expected to decline gradually during 2016-18, driven entirely by the ongoing slowdown in China, partly offset by a pick-up in the large ASEAN economies. This outlook is subject to elevated risks, and it is critical to address underlying vulnerabilities. China should continue measures to bring the growth in debt under control. Among other large economies, risk can be reduced through enhanced micro- and macroprudential policies. Across EAP, maintaining fiscal buffers is a priority; in Mongolia, Timor-Leste, and to a lesser degree Vietnam, substantial consolidation is needed. Over the longer term, China should maintain its commitment to rebalancing toward consumption-led growth. Across the rest of EAP, enhanced expenditure on infrastructure must be accompanied by measures to improve its efficiency. Boosting inclusion will require a focus on reducing undernutrition, harnessing technology to transform financial services, and exploiting innovations in social protection to reduce vulnerability to shocks. The East Asia Pacific Economic Update provides biannual analyses of development trends and economic policy issues across the East Asia and Pacific region. 2016-09-27T19:42:20Z 2016-09-27T19:42:20Z 2016-10-04 Serial 978-1-4648-0991-0 http://hdl.handle.net/10986/25088 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC: World Bank Publications & Research Publications & Research :: Publication East Asia and Pacific East Asia Oceania
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ASEAN
GROWTH
DEBT
FISCAL BUFFER
INRASTRUCTURE
UNDERNUTRITION
DIGITAL FINANCE
spellingShingle ASEAN
GROWTH
DEBT
FISCAL BUFFER
INRASTRUCTURE
UNDERNUTRITION
DIGITAL FINANCE
World Bank
World Bank East Asia and Pacific Economic Update, October 2016 : Reducing Vulnerabilities
geographic_facet East Asia and Pacific
East Asia
Oceania
description Growth in developing East Asia Pacific (EAP) has remained broadly stable in the past 6 months. It is expected to decline gradually during 2016-18, driven entirely by the ongoing slowdown in China, partly offset by a pick-up in the large ASEAN economies. This outlook is subject to elevated risks, and it is critical to address underlying vulnerabilities. China should continue measures to bring the growth in debt under control. Among other large economies, risk can be reduced through enhanced micro- and macroprudential policies. Across EAP, maintaining fiscal buffers is a priority; in Mongolia, Timor-Leste, and to a lesser degree Vietnam, substantial consolidation is needed. Over the longer term, China should maintain its commitment to rebalancing toward consumption-led growth. Across the rest of EAP, enhanced expenditure on infrastructure must be accompanied by measures to improve its efficiency. Boosting inclusion will require a focus on reducing undernutrition, harnessing technology to transform financial services, and exploiting innovations in social protection to reduce vulnerability to shocks. The East Asia Pacific Economic Update provides biannual analyses of development trends and economic policy issues across the East Asia and Pacific region.
format Serial
author World Bank
author_facet World Bank
author_sort World Bank
title World Bank East Asia and Pacific Economic Update, October 2016 : Reducing Vulnerabilities
title_short World Bank East Asia and Pacific Economic Update, October 2016 : Reducing Vulnerabilities
title_full World Bank East Asia and Pacific Economic Update, October 2016 : Reducing Vulnerabilities
title_fullStr World Bank East Asia and Pacific Economic Update, October 2016 : Reducing Vulnerabilities
title_full_unstemmed World Bank East Asia and Pacific Economic Update, October 2016 : Reducing Vulnerabilities
title_sort world bank east asia and pacific economic update, october 2016 : reducing vulnerabilities
publisher Washington, DC: World Bank
publishDate 2016
url http://hdl.handle.net/10986/25088
_version_ 1764458342316507136

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