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| Economic Update Report
East Asia and the Pacific, seen in the context of the world economy, stands out as a paragon of development. The region continues to grow relatively fast, and the benefits are widely shared. But the region also faces challenges. How are global tensions shaping trade and investment? How will increasing global uncertainty impact countries in the region? How are new technologies like robots, AI and digital platforms affecting jobs and wages? What can be done to ameliorate disruptions for workers?
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| Economic Update Report
East Asia and Pacific (EAP) is growing faster than the rest of the world, but slower than pre-pandemic. While recovering global trade and easing financial conditions will support regional economies, increased protectionism and policy uncertainty will dampen growth. Amid macroeconomic turbulence, strong microeconomic foundations are critical for longer-term growth. Firms play a pivotal role in driving productivity, but leading firms in the region are not fully leveraging new technologies. How can these firms catch up with global leaders? What can be done to spur productivity growth?
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| Economic Update Report
Most economies in developing EAP, other than several Pacific Island Countries, have recovered from shocks since 2020 and are continuing to grow, albeit at a slower pace. While the region will benefit from a global economic recovery in 2023, high indebtedness, a slowdown in China's economy, and trade & industrial policy in other countries will hurt it. Looking forward, diffusion of digital technologies & policy reforms in the services sector is posed to play an increasing role in the economic development of the region.
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| Flagship Report
This report examines key factors affecting student learning in the region, with emphasis on the central role of teachers and teaching quality. The report presents recommendations on how countries can strengthen teaching to improve learning and, in doing so, can enhance productivity, growth, and future development in the region.
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| Economic Update Report
Most developing East Asia and Pacific (EAP) economies have bounced back from recent shocks and are growing. However, slowing global growth, elevated commodity prices and tightening financial conditions will affect economies in the region in 2023. In addition, EAP economies face the major challenges of de-globalization, aging, and climate change.
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| Flagship Report
This report explores gender differences in entrepreneurship for micro, small, and medium enterprises in Southeast Asia. It analyzes household and firm-level data from five Southeast Asian countries: Cambodia, Indonesia, Lao People’s Democratic Republic, Timor-Leste, and Vietnam, and reviews existing evidence from across the region. |
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| Economic Update Report
The East Asia and Pacific (EAP) region, with some exceptions, is growing faster and has lower inflation than most other regions. However, looking ahead, there are three risks to inclusive and sustainable growth: global deceleration, increasing debt, and policy distortions. More efficient policies could help households and firms cope with current difficulties without undermining long-term growth. Press Release |
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| Economic Update Report
Just as the East Asia and Pacific (EAP) region was weathering recurrent COVID storms, 3 new clouds have gathered over the economic horizon: financial tightening in the U.S., structural slowdown in China, and the war in Ukraine. These difficulties should not, however, obscure the new avenues for growth in the region through trade and innovation. Press Release |
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| Economic Update Report
The East Asia and Pacific (EAP) region is suffering a reversal of fortune. In 2020, many EAP countries successfully contained COVID-19 and economic activity swiftly revived. Now the region is being hit hard by the COVID-19 Delta variant while many advanced economies are on the path to economic recovery. Press Release
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| Economic Update Report
A year after the first case was confirmed in Wuhan, COVID-19 is proving hard to suppress, while the emergence of more transmissible variants poses new challenges. The economies of the region began to bounce back in the second half of 2020. However, only China and Vietnam have followed a V-shape recovery path with output surpassing pre-COVID-19 levels. Press Release
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| Flagship Report
This report seeks to deepen policy makers’ understanding of the critical role for innovation in the future growth and development of developing East Asia. To achieve this, the report examines the region’s key innovation challenges, assesses its state of innovation, and analyzes the main constraints firms face in effectively pursuing innovation. Press Release |
| Economic Update Report
COVID-19 has delivered a triple shock to the developing East Asia and Pacific (EAP) region: the pandemic itself, the economic impact of containment measures, and reverberations from the global recession. Without action on multiple fronts, the pandemic could reduce regional growth over the next decade by 1 percentage point per year. Press Release
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| Economic Update Report
The COVID-19 virus that triggered a supply shock in China has now caused a global shock. Developing economies in East Asia and the Pacific (EAP), recovering from a trade war and struggling with a viral disease, now face the prospect of a global financial shock and recession. Press Release
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| Economic Update Report
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. Press Release
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| Economic Update Report
Despite global economic volatility, growth in developing East Asia and Pacific (EAP) was resilient during 2018, and in the first quarter of 2019. The growth outlook for developing EAP is expected to soften in 2019. Downside risks remain, including expected moderated global demand, continued trade tensions, the risk of a faster-than expected financial tightening in developed economies, the risk of weaker-than-expected growth in China, and continued financial market volatility. Press Release
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| Flagship Report
This report is about the dramatic transformation of the region over the past half century and what has become known as the "East Asian development model", but also about challenges in the region like like slowing global trade & rapid technological change. This report therefore also argues how policy makers across developing East Asia will need to adapt their development model and sustain the region’s remarkable development performance. Press Release |
| Economic Update Report
Growth in developing East Asia and Pacific (EAP) was resilient during the first half of 2018. Although the external environment has become less favorable in some respects, the outlook for the region remains positive. After peaking in 2017, growth in developing EAP is expected to slow modestly in 2018, primarily reflecting the continued moderation in China’s economic expansion as its economy continues to rebalance. Press Release
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| Economic Update Report
Developing EAP grew slightly faster than anticipated in 2017. The growth of regional GDP excluding China is forecast to remain stable in 2018, while China's GDP growth is expected to moderate as the economy keeps rebalancing. Major downside risks include volatility associated with faster than expected monetary policy tightening in advanced economies and a rising threat of trade restrictions. Press Release
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| Economic Update Report
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 remaining higher than most countries in the region. Press Release
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