Boosting productivity key to reviving economic growth in Asia-Pacific region

(VOVworld) – The UN’s Economic and Social Commission for Asia and Pacific (ESCAP) released an Economic and Social Survey for Asia and the Pacific for 2016 in Jakarta on Thursday.

Boosting productivity key to reviving economic growth in Asia-Pacific region - ảnh 1
Farmers dry rice on the road to Hon Don in Vietnam. (Photo: FAO/J.M.Micaud)

According to the survey, as nations begin implementing the 2030 Agenda for Sustainable Development, the next phase of Asia-Pacific economic growth should be driven by broad-based productivity gains.
The survey also calls for continued rebalancing towards domestic and regional demand, as prospects for export-led growth remain subdued. The survey highlights that despite emerging challenges the region’s economic outlook is broadly stable and growth is forecast to reach 4.8% this year and 5% next year.

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