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    East Asia and Pacific Economic Update October 2014: Enhancing Competitiveness in an Uncertain World
    East Asia and Pacific Economic Update October 2014: Enhancing Competitiveness in an Uncertain World
    East Asia and Pacific Economic Update October 2014: Enhancing Competitiveness in an Uncertain World
    Ebook185 pages5 hours

    East Asia and Pacific Economic Update October 2014: Enhancing Competitiveness in an Uncertain World

    By World Bank

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    In China, growth will gradually moderate, reflecting intensified policy efforts to address financial vulnerabilities and structural constraints, and place the economy on a more sustainable growth path. In the rest of the region, growth will pick up, as exports firm in line with strengthening global activity, and the impact of domestic adjustment in large ASEAN countries eases.

    Significant uncertainties remain about the sustainability of the global recovery, and global financial conditions are likely to tighten. The short-term priority in several countries is to address the vulnerabilities and inefficiencies created by an extended period of loose financial conditions and fiscal stimulus. In China, the authorities need to strike a balance between containing growing risks from rising leverage and meeting the indicative growth targets. Over the longer term, the focus in most countries must be on structural reforms to enhance export competitiveness.

    The report’s special section focuses on education & skills development; international migration; and the policy priorities for the Pacific Island Countries.
    LanguageEnglish
    PublisherWorld Bank Publications
    Release dateOct 9, 2014
    ISBN9781464804304
    East Asia and Pacific Economic Update October 2014: Enhancing Competitiveness in an Uncertain World

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