Economic and Social Survey of Asia & the Pacific

Economic and Social Survey of Asia & the Pacific
Source: United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP)
From press release:

Management of exchange rates is the biggest challenge facing Asia-Pacific economies in 2007, UNESCAP said today at the launch of its annual Economic and Social Survey of Asia and the Pacific entitled “Surging Ahead in Uncertain Times.”

The region’s oldest and most comprehensive annual review of economic and social developments forecasts the external environment in Asia-Pacific to be less favourable in 2007, mainly due to the slowing of the US economy and a moderate decline in global electronics demand, but sees continued dynamism despite risks of further oil price shocks, and a sharp depreciation of the US dollar.

The Survey says that the region is becoming the locomotive of global growth. Developing economies in the Asia-Pacific region accounted for 16% of global output and one-third of world economic growth in 2006.

In a special study on the cost of gender discrimination to the region’s economies, the 2007 Survey estimates that the region is losing US$42-47 billion a year due to restrictions on women’s access to employment, and another US$16-30 billion a year because of gender gaps in education.

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