East Asia and Pacific Economic Update, April 2017

World Bank

No 26332, World Bank Publications - Reports from The World Bank Group

Abstract: The region's growth outlook for 2017-19 remains broadly positive. China's growth moderation and rebalancing are expected to continue. In the region's other large developing economies, growth is projected to pick up slightly. Poverty has continued to decline in most countries and is projected to fall further. Global and regional vulnerabilities place a premium on macroeconomic prudence. Mobilizing additional revenues will create space for measures to support growth and foster inclusion. Some smaller commodity-exporting economies need to focus on lowering threats to fiscal solvency. Much of the region may need to adjust accommodative monetary policies. In China, reforms of the corporate sector, including restructuring of SOEs, and measures to bring credit growth under control are critical to reducing vulnerabilities. Elsewhere in the region, improvements in financial supervision and prudential regulation will be required. Developing EAP economies could benefit significantly from improving the quality of public spending, deepening regional integration, and reducing the agricultural sector's increasingly adverse environmental footprint.

Keywords: International Economics and Trade-Export Competitiveness Macroeconomics and Economic Growth-Economic Forecasting Macroeconomics and Economic Growth-Economic Growth Macroeconomics and Economic Growth-Economic Policy; Institutions and Governance Macroeconomics and Economic Growth-Fiscal & Monetary Policy Poverty Reduction-Poverty Monitoring & Analysis (search for similar items in EconPapers)
Date: 2017
Note: ISBN 978-1-4648-1086-2
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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