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Economic and Social Survey of Asia and the Pacific 2018

Mobilizing Finance for Sustained, Inclusive and Sustainable Economic Growth

image of Economic and Social Survey of Asia and the Pacific 2018

Sustainable Development Goal 8 calls for promoting sustained, inclusive and sustainable economic growth. These three aspects of economic growth correspond to the three pillars of sustainable development: economic resilience, social inclusiveness and environmental sustainability. The region has made tremendous progress on the economic front. However, economic inequality within and among the region’s economies has increased, and rapid expansion of economic output has contributed to untenable levels of environmental degradation. The Survey shows that this is an opportune time for governments to initiate policies that can make economies resilient, inclusive and sustainable. It contains analyses of such issues and explores policy options.

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Economic outlook and policy challenges

Average GDP growth in the developing economies of the Asia-Pacific region continues to steadily improve, while inflation remains stable. Sustaining the investment recovery and further enhancing the drivers of economic growth are key considerations in going forward. There is a risk, however, of a short-lived recovery from protectionist trade measures, financial market disruptions, natural disasters and geopolitical tensions.

English

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