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.â€
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.
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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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