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

Papua 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 do...

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Main Author:	World Bank Group
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	ECONOMIC GROWTH ECONOMIC OUTLOOK FISCAL TRENDS MONETARY POLICY EXTERNAL SECTOR RISKS AGRICULTURAL PRODUCTIVITY RURAL LIVELIHOODS SUSTAINABLE DEVELOPMENT
Online Access:	http://documents.worldbank.org/curated/en/534921562647834569/Papua-New-Guinea-Economic-Update-Recovery-Amid-Uncertainty http://hdl.handle.net/10986/32041

id	okr-10986-32041
recordtype	oai_dc
spelling	okr-10986-320412021-09-16T14:13:20Z Papua New Guinea Economic Update, July 2019 : Recovery Amid Uncertainty World Bank Group ECONOMIC GROWTH ECONOMIC OUTLOOK FISCAL TRENDS MONETARY POLICY EXTERNAL SECTOR RISKS AGRICULTURAL PRODUCTIVITY RURAL LIVELIHOODS SUSTAINABLE DEVELOPMENT Papua 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. 2019-07-10T15:57:31Z 2019-07-10T15:57:31Z 2019-07-01 Report http://documents.worldbank.org/curated/en/534921562647834569/Papua-New-Guinea-Economic-Update-Recovery-Amid-Uncertainty http://hdl.handle.net/10986/32041 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work East Asia and Pacific Papua New Guinea
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ECONOMIC GROWTH ECONOMIC OUTLOOK FISCAL TRENDS MONETARY POLICY EXTERNAL SECTOR RISKS AGRICULTURAL PRODUCTIVITY RURAL LIVELIHOODS SUSTAINABLE DEVELOPMENT
spellingShingle	ECONOMIC GROWTH ECONOMIC OUTLOOK FISCAL TRENDS MONETARY POLICY EXTERNAL SECTOR RISKS AGRICULTURAL PRODUCTIVITY RURAL LIVELIHOODS SUSTAINABLE DEVELOPMENT World Bank Group Papua New Guinea Economic Update, July 2019 : Recovery Amid Uncertainty
geographic_facet	East Asia and Pacific Papua New Guinea
description	Papua 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.
format	Report
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	Papua New Guinea Economic Update, July 2019 : Recovery Amid Uncertainty
title_short	Papua New Guinea Economic Update, July 2019 : Recovery Amid Uncertainty
title_full	Papua New Guinea Economic Update, July 2019 : Recovery Amid Uncertainty
title_fullStr	Papua New Guinea Economic Update, July 2019 : Recovery Amid Uncertainty
title_full_unstemmed	Papua New Guinea Economic Update, July 2019 : Recovery Amid Uncertainty
title_sort	papua new guinea economic update, july 2019 : recovery amid uncertainty
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/534921562647834569/Papua-New-Guinea-Economic-Update-Recovery-Amid-Uncertainty http://hdl.handle.net/10986/32041
_version_	1764475680771276800

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

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