Many economies in the ESCAP region continue to perform impressively, and the region as a whole is now a major contributor to global growth. In 2005, growth in gross domestic product slowed only slightly, and inflation remained mild by historical standards despite high energy prices. The risks associated with global imbalances and the danger that avian influenza could develop into a pandemic loom in the background. But the broad consensus of opinion among experts is that such risks are unlikely to affect the region’s progress in 2006. Still, the region continues to face serious and urgent demands. In many countries, economic growth is not generating enough, well-paying jobs or even enough to absorb new entrants to the workforce. Inequality within countries appears to be on the rise. The environment continues to deteriorate, with deforestation, biodiversity loss, soil degradation, and air and water pollution constantly on the rise. Across the region, the least developed and Pacific island countries remain marginalized, unable to participate fully in the region’s dynamism. South Asia, where GDP growth rates have risen dramatically in the last two years, must sustain that growth and translate it into a better quality of life for the poor. Central Asian economies are making good progress, but integration into the wider global economy remains a daunting challenge. In East and South-East Asia, pockets of poverty continue to exist.
#GlobalGrowth #EconomicGrowth #WaterPollution #Deforestation #BiodiversityLoss #SoilDegradation #AirPollution
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Publisher:
UNESCAP
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(2006
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Type / Script:
Progress Report
in English
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Keywords:
ECONOMY, INTEREST RATES, AVIAN INFLUENZA, POVERTY, INEQUALITY, REMITTANCES, UNEMPLOYMENT, CHILD LABOUR, INFLATION
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Thematic Group:
UN
:
International Peace and Security
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Thesaurus:
02.03.00
- Special Economic Areas
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Reference Link:
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