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Economic and Social Survey of Asia and the Pacific 2014

image of Economic and Social Survey of Asia and the Pacific 2014
The Survey 2014 will examine the region’s challenges to support its economic growth and to promote inclusive and sustainable development. Part I of the report will focus on the region’s outlook as it contends with the ongoing global recovery and assesses the region’s policy response to remaining and emerging vulnerabilities. A special theme is domestic resource mobilization in Asia-Pacific, which will explore the challenges on strengthening tax revenues. Part II of the report discusses strategic approaches to strengthen regional connectivity to achieve shared prosperity.

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Maintaining growth momentum amid uncertainties and internal challenges

In 2014, the average growth rate of the developing economies of Asia and the Pacific is forecast to rise to 5.8%. This represents a modest increase of 0.2 percentage points over that of 2013. Although the developing Asia-Pacific economies continue to anchor the global economic recovery, both external and internal factors are holding back their faster growth. Besides slow recovery in advanced economies, capital outflows due to the reversal of monetary policy in the United States of America pose difficulties for a number of economies. Growth in some large developing economies in the region is also challenged by infrastructure shortages, large budget deficits, inflationary pressure and rising inequality.

English

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