1887

Economic and Social Survey of Asia and the Pacific 1987

image of Economic and Social Survey of Asia and the Pacific 1987

This latest edition of the Survey analyzes current economic and social developments in the region against the background of events in the world economy. It also focuses on the serios problems of growth and transformation of the area's least developed and Pacific Island developing economies.

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Macro-economic performance of the developing ESCAP economies

The developing countries of the Asian and Pacific region continued to achieve satisfactory growth in 1987 despite growing uncertainties in the global economy and the costly effects of unfavourable weather in many countries. Performance varied widely, however, and the region’s robust aggregate growth stemmed mainly from the much stronger performance of East Asia’s newly industrializing economies and China, which pulled up the lower average growth elsewhere in the region. Thus, despite slower growth in some countries, the real GDP growth rate of the overall ESCAP developing region was expected, from available data, to have risen from 4.2 per cent in 1986 to 6 per cent in 1987. The region’s growth prospects for 1988 are likely to be adversely affected by recessionary trends in the world economy, reducing average growth to 5.6 per cent.

English

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