..Press Release................................ UNESCAP News Services

Date: 2 May 2012
Media Advisory No: N/09/2012

LAUNCH OF UN ECONOMIC AND SOCIAL SURVEY OF
ASIA AND THE PACIFIC 2012

The Asia-Pacific region continues to face a deeply challenging external environment. The V-shaped recovery from the depths of the 2008-09 global financial crisis in 2010 proved to be short-lived, as the world economy entered a second stage of the crisis in 2011, due to the continued uncertain economic outlook of the US economy and the Eurozone debt crisis. Notwithstanding this slowdown, growth in Asia and the Pacific remains substantially better than in any other region – continuing as an anchor of stability and growth pole for the world economy.

The 2012 edition of the Economic and Social Survey of Asia and the Pacific: Pursuing Shared Prosperity in an Era of Turbulence and High Commodity Prices, analyses the short and medium-term challenges for the region and the outlook for the year ahead. A persistent concern for the region highlighted in the Survey is the challenge presented by commodity price volatility, in particular the trend of rising commodity prices. High prices and persistent volatility are likely to become the ‘new normal’ of the global economy. This commodity boom presents risks and opportunities for both commodity exporters and importers in the region.

The flagship publication of the Economic and Social Commission for Asia and the Pacific (ESCAP) – the regional arm of the United Nations – provides policy options for governments to overcome these challenges and maintain the pursuit of inclusive and sustainable development in Asia and the Pacific.

NOTE TO EDITORS:

What: Release of United Nations Economic and Social Survey of Asia and the Pacific 2012

Who: Dr. Noeleen Heyzer, United Nations Under-Secretary-General and Executive Secretary of UN ESCAP
Mr. Aynul Hasan, Officer-in-Charge, a.i., Macroeconomic Policy and Development Division

When: 11:30 A.M., Thursday, 10 May 2012

Where: Theatre of the United Nations Conference Centre, Rajadamnern Nok Avenue, Bangkok

Note: Refreshments will be served. A bus shuttle to Phyathai BTS will be available after the launch.

For further information about the Press Conference or to arrange separate interviews, please contact:

Ms. Francyne Harrigan
Chief, Strategic Communications and Advocacy Section, ESCAP
T: (66) 2 288 1864 / M: (66) 81 835 8677 / E: harriganf@un.org

Ms. Thawadi Pachariyangkun
Public Information Officer
Strategic Communications and Advocacy Section, ESCAP
T: (66) 2 288 1861/ M: 081-835 8647 / E: pachariyangkun.unescap@un.org