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World Bank East Asia and Pacific Economic Update, October 2017

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Abstract

The economic outlook for the developing EAP region remains positive, and will benefit from an improved external environment as well as strong domestic demand. The growth of regional GDP excluding China is forecast to accelerate in 2018, while China's GDP growth is expected to decline in 2018 and 2019, although remain higher than most countries in the region. Poverty is projected to continue its long-term decline. Major downside risks include financial sector vulnerabilities, large fiscal imbalances, and the possible escalation of geopolitical tensions. The improved outlook for global growth provides a window of opportunity for developing EAP to continue to reduce key vulnerabilities and strengthen the foundations for sustained and inclusive growth in the medium term. The region could also benefit from further developing tourism sectors and deepening of regional integration, to offset the emerging global protectionism. And policies to ensure inclusive growth should involve ensuring economic mobility and security for all, going beyond the primary focus on reducing poverty.

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  • World Bank, "undated". "World Bank East Asia and Pacific Economic Update, October 2017," World Bank Publications - Reports 28396, The World Bank Group.
    • Handle: RePEc:wbk:wboper:28396
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    References listed on IDEAS

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    Cited by:

    1. World Bank, 2017. "Philippines Economic Update, October 2017," World Bank Publications - Reports 28561, The World Bank Group.
    2. Beine, Michel & Charness, Gary & Dupuy, Arnaud & Joxhe, Majlinda, 2020. "Shaking Things Up: On the Stability of Risk and Time Preferences," IZA Discussion Papers 13084, Institute of Labor Economics (IZA).
    3. Rodríguez-Pose, Andrés & Wilkie, Callum & Zhang, Min, 2021. "Innovating in “lagging” cities: a comparative exploration of the dynamics of innovation in Chinese cities," LSE Research Online Documents on Economics 120989, London School of Economics and Political Science, LSE Library.
    4. World Bank, 2018. "Philippines Economic Update, April 2018," World Bank Publications - Reports 29725, The World Bank Group.
    5. Viet-Ha T. Nguyen & Hong Kong Nguyen-To & Thu Trang Vuong & Manh Tung Ho & Quan-Hoang Vuong, 2018. "How swelling debts give rise to a new type of politics in Vietnam," Working Papers CEB 18-026, ULB -- Universite Libre de Bruxelles.
    6. Dirk J. Steenbergen & Hampus Eriksson & Kimberley Hunnam & David J. Mills & Natasha Stacey, 2019. "Following the fish inland: understanding fish distribution networks for rural development and nutrition security," Food Security: The Science, Sociology and Economics of Food Production and Access to Food, Springer;The International Society for Plant Pathology, vol. 11(6), pages 1417-1432, December.
    7. World Bank, "undated". "World Bank East Asia and Pacific Economic Update, October 2018," World Bank Publications - Reports 30447, The World Bank Group.
    8. Chau Le & Huyen Nguyen & Duc Vo, 2024. "Global liquidity spillovers in the Asia–Pacific region: policy-driven versus market-driven effects," Empirical Economics, Springer, vol. 67(3), pages 1091-1113, September.
    9. Kraal, Diane, 2019. "Petroleum industry tax incentives and energy policy implications: A comparison between Australia, Malaysia, Indonesia and Papua New Guinea," Energy Policy, Elsevier, vol. 126(C), pages 212-222.

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