An analysis of 2015 budget outcomes and 2016 plans of ADB's Pacific member countries is the focus of this issue of the Pacific Economic Monitor, also including an analysis of opportunities and challenges from external factors.
An analysis of 2014 budget outcomes and 2015 budget plans of Pacific developing member countries of the Asian Development Bank is the focus of this issue of the Pacific Economic Monitor. The policy briefs in this issue consider longer-run opportunities and challenges facing Pacific economies from changing external conditions.
This issue of the Pacific Economic Monitor updates the 2015 and 2016 GDP growth and inflation projections for ADB's Pacific developing member countries. The policy briefs included in this issue focus on disasters in the Pacific.
This publication provides an update on developments in Pacific economies, explores topical policy issues in the region over the years, and presents global forecasts for 2019. It includes an outline of the economic setting, as well as country economic issues and specific policy briefs for 14 Pacific economies. This includes analysis of critical development challenges including connectivity, climate change and disaster resilience, tourism, fisheries, and public sector management. The December 2018 issue also focuses on debt sustainability amid clear financing needs to help address remaining infrastructure and services gaps in the Pacific.
This issue of the Pacific Economic Monitor updates the 2016 and 2017 GDP growth and inflation projections ADB's Pacific developing member countries. The theme of the policy briefs in this issue is Fisheries in Pacific Economies.
This issue of the Pacific Economic Monitor explores how the region can reopen and rebuild. Besides safely resuming travel and protecting health, a resilient recovery will depend on promoting fiscal sustainability and strengthening economic management, including regional cooperation to revitalize tourism.
This issue of the Pacific Economic Monitor analyzes 2013 budget outcomes and 2014 budget plans of ADB's Pacific developing member countries. The theme of the policy briefs also in this issue is the economics of climate change and climate change financing challenges in the Pacific.
This issue of the Pacific Economic Monitor discusses current and critical policy issues confronting ADB's Pacific developing member countries. The theme of the policy briefs in this issue is niche market development.
This latest issue of the Pacific Economic Monitor highlights the gains of Pacific developing member countries (Pacific DMCs) and the challenges that the Pacific DMCs continue to face including the impacts of climate change. The Pacific is among those parts of the world most vulnerable to weather-related disasters. To illustrate, 5 of the top 15 countries with the highest risk, and 10 of the top 30 facing the largest potential economic losses from disasters, are in the subregion. With climate change bringing additional risks from global sea level rise---and potentially heightening vulnerability to more intense, frequent, and prolonged extreme weather events---Pacific economies are stepping up adaptation efforts to brace for future adverse impacts. These include climate-proofing vital infrastructure assets, strengthening disaster risk management, and expanding social safety nets to build resilience to disasters. Further, a number of Pacific economies are promoting green urban development to move toward more sustainable green cities. Careful monitoring and planning will also be required to manage important income flows, including fishing license fees and tourism-related revenues, amid climate-related volatilities and to maintain adequate fiscal buffers for disaster response.
In the past 6 months, developing East Asia and Pacific has faced a challenging external environment, but growth has generally remained resilient. Over the next 3 years, growth is expected to ease modestly. China will continue its gradual shift to a more sustainable growth path. Some economies will be affected by low commodity prices and weaker external demand. This outlook is subject to elevated risks. Countries should prioritize monetary and fiscal policies that reduce their exposure to risks and strengthen market confidence. In China, there is a need to reduce leverage. In several countries, action is required to enhance transparency, strengthen accountability, and redefine the role of the state. Efforts to reduce barriers to trade should be redoubled, with a particular focus on non-tariff measures and regulatory barriers, including to trade in services. The region must increase its readiness to benefit from the digital revolution, and in particular develop the essential “analog complements†? to digital technologies.