UNESCAP pitches for domestic reforms in Asia-Pacific region
The Dollar Business Bureau The developing economies in the Asia-Pacific region continue to fare well in comparison to the rest of the world, however, the region’s developing countries will witness only a slight growth in 2015, with no significant change expected in 2016. This was stated by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) in its macro-economic outlook report released on Thursday. Stating that the structural weakness constrains growth prospects in the region, the report noted that the growth potential of the developing economies in the region is being held back by the infrastructure shortages and the excessive commodity dependence on some countries. The fragile global economic recovery and consequently subdued global trade ...
