East Asia and Pacific

With the strongest growth of any region in recent years, the East Asia and Pacific region now accounts for close to 20% of total global growth. However, growth varies across the region, and on average, it is slowing, with downside risks increasing as the global economic slowdown continues. The region faces four common challenges: natural disasters and climate change; poverty and inequality; infrastructure and urbanization; and governance. Despite the region's success in lifting people out of poverty, about a half billion people—a third of the region's population—are still living on less than $2 a day.