About this Book

 "Developing EAP grew slightly faster than anticipated in 2017. The growth ofregional GDP

excluding China is forecast to accelerate in 2018, while China's GDP growth is expected to

moderate as the economy keeps rebalancing. Major downside risks include volatility associated

with faster than expected' monetary policy tightening in advanced economies and rising threat of

trade restrictions. Developing EAP countries would need to get ready to respond to increasing

interest rates and find ways to raise potential growth in the medium run. Specifically, amid the

rising risk of protectionism and changes in the global manufacturing landscape, countries should

continue to enhance trade facilitation and integration, increase the effectiveness of schools and

education systems and upgrade capabilities to ensure that workers and managers have necessary

skills. To provide economic security to the population, policies should focus on strengthening social

assistance and insurance programs and increasing resilience to systemic shocks."