World Bank East Asia and Pacific Economic Update, October 2022

Know about the book -

World Bank East Asia and Pacific Economic Update, October 2022 is written by World Bank and published by World Bank Publications. It's available with International Standard Book Number or ISBN identification 1464819211 (ISBN 10) and 9781464819216 (ISBN 13).

East Asia and the Pacific does not so far conform to the current narrative of stagflation. The region, with some exceptions, is growing faster and has lower inflation than other regions. And prospects for several countries have improved, as they bounced back from the distress of the Delta wave in a still buoyant global economy. But this rosy picture must not obscure four impediments to inclusive and sustainable growth: disease, deceleration, debt, and distortions. In particular, current policies to contain inflation and debt are distorting the markets for food, fuel and finance in ways that could compromise development goals. In each case, more efficient measures could address current difficulties without undermining longer term objectives.