Recent macro-economic performance of the developing ESCAP region

The economies of the developing ESCAP region continued to grow vigorously in 1989 but at considerably lower rates than those achieved in 1987 and 1988. Growth performance was marked by sharp deceleration in the East and South Asian subregions while in the South-East Asian subregion it was expected to remain relatively high. With a few exceptions the growth performance of the least developed countries and Pacific island economies remained weak. The estimated average rate of growth for the region in 1989 was 6.1 per cent, about one third lower than the rate of growth achieved in 1988.

Sustainable Development Goals:

Decent Work and Economic Growth

Reduced Inequalities