World Bank East Asia and Pacific Economic Update, October 2019 : Weathering Growing Risks

World Bank East Asia and Pacific Economic Update, October 2019 : Weathering Growing Risks

Growth in the developing East Asia and Pacific region slowed in the first half of 2019 given weakening global demand and heightened policy uncertainty amid ongoing trade tensions. Steady consumption growth helped to partly offset the effects of weakening exports and investment on growth. The region’...

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Bibliographic Details
Main Author: World Bank
Format: Serial
Language:English
Published: Washington, DC: World Bank 2019
Subjects:
DEBT
DIGITAL FINANCE
FISCAL BUFFER
GROWTH
INRASTRUCTURE
UNDERNUTRITION
MALNUTRITION
ECONOMIC GROWTH
Online Access:http://documents.worldbank.org/curated/en/598201570731087175/World-Bank-East-Asia-and-Pacific-Economic-Update-October-2019-Weathering-Growing-Risks
http://hdl.handle.net/10986/32482
id okr-10986-32482
recordtype oai_dc
spelling okr-10986-324822021-11-15T14:34:09Z World Bank East Asia and Pacific Economic Update, October 2019 : Weathering Growing Risks World Bank DEBT DIGITAL FINANCE FISCAL BUFFER GROWTH INRASTRUCTURE UNDERNUTRITION MALNUTRITION ECONOMIC GROWTH Growth in the developing East Asia and Pacific region slowed in the first half of 2019 given weakening global demand and heightened policy uncertainty amid ongoing trade tensions. Steady consumption growth helped to partly offset the effects of weakening exports and investment on growth. The region’s growth prospects face intensified downside risks, including further escalation of trade disputes, a sharper-than-expected slowdown in China, the United States and the Euro Area, along with a disorderly Brexit, and an abrupt change in global financing conditions. In some countries, rising indebtedness and other vulnerabilities, such as the constrained capacity for foreign debt rollover, could amplify the negative effects of external shocks. The regional growth moderation underscores the need to address key vulnerabilities and preserve economic dynamism among developing East Asia and Pacific economies. In the short run, countries with sufficient policy space should use available policy tools to stimulate domestic activities. Better quality spending, together with prudent debt management, is needed to safeguard fiscal sustainability. Deepening regional integration would help offset the negative impact of global protectionism. In the medium to long term, pursuing structural reforms that raise competitiveness, support trade and investment, and encourage innovation is critical to boosting productivity and growth. 2019-09-30T21:50:01Z 2019-09-30T21:50:01Z 2019-10-09 Serial http://documents.worldbank.org/curated/en/598201570731087175/World-Bank-East-Asia-and-Pacific-Economic-Update-October-2019-Weathering-Growing-Risks 978-1-4648-1508-9 http://hdl.handle.net/10986/32482 English 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 China
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic DEBT
DIGITAL FINANCE
FISCAL BUFFER
GROWTH
INRASTRUCTURE
UNDERNUTRITION
MALNUTRITION
ECONOMIC GROWTH
spellingShingle DEBT
DIGITAL FINANCE
FISCAL BUFFER
GROWTH
INRASTRUCTURE
UNDERNUTRITION
MALNUTRITION
ECONOMIC GROWTH
World Bank
World Bank East Asia and Pacific Economic Update, October 2019 : Weathering Growing Risks
geographic_facet East Asia and Pacific
East Asia
China
description Growth in the developing East Asia and Pacific region slowed in the first half of 2019 given weakening global demand and heightened policy uncertainty amid ongoing trade tensions. Steady consumption growth helped to partly offset the effects of weakening exports and investment on growth. The region’s growth prospects face intensified downside risks, including further escalation of trade disputes, a sharper-than-expected slowdown in China, the United States and the Euro Area, along with a disorderly Brexit, and an abrupt change in global financing conditions. In some countries, rising indebtedness and other vulnerabilities, such as the constrained capacity for foreign debt rollover, could amplify the negative effects of external shocks. The regional growth moderation underscores the need to address key vulnerabilities and preserve economic dynamism among developing East Asia and Pacific economies. In the short run, countries with sufficient policy space should use available policy tools to stimulate domestic activities. Better quality spending, together with prudent debt management, is needed to safeguard fiscal sustainability. Deepening regional integration would help offset the negative impact of global protectionism. In the medium to long term, pursuing structural reforms that raise competitiveness, support trade and investment, and encourage innovation is critical to boosting productivity and growth.
format Serial
author World Bank
author_facet World Bank
author_sort World Bank
title World Bank East Asia and Pacific Economic Update, October 2019 : Weathering Growing Risks
title_short World Bank East Asia and Pacific Economic Update, October 2019 : Weathering Growing Risks
title_full World Bank East Asia and Pacific Economic Update, October 2019 : Weathering Growing Risks
title_fullStr World Bank East Asia and Pacific Economic Update, October 2019 : Weathering Growing Risks
title_full_unstemmed World Bank East Asia and Pacific Economic Update, October 2019 : Weathering Growing Risks
title_sort world bank east asia and pacific economic update, october 2019 : weathering growing risks
publisher Washington, DC: World Bank
publishDate 2019
url http://documents.worldbank.org/curated/en/598201570731087175/World-Bank-East-Asia-and-Pacific-Economic-Update-October-2019-Weathering-Growing-Risks
http://hdl.handle.net/10986/32482
_version_ 1764476631272914944

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