Policy Dialogue on the Economic and Social Survey of Asia and the Pacific 2019: Ambitions beyond Growth
Economic and Social Survey of Asia and the Pacific 2019: Ambitions beyond growth
The near-term economic outlook for Asia and the Pacific remains broadly stable with relatively robust domestic demand expected to offset the likely negative impacts from international trade tensions and a further tightening of global liquidity.
Yet, the relatively stable economic performance conceals increasing downside risks to regional progress in implementing the 2030 Agenda for Sustainable Development. In an era of uncertainty, bold and wise policies are needed to make growth inclusive and sustainable.
The Economic and Social Survey for Asia and the Pacific 2019 calls for a holistic policy focus on the three pillars of sustainable development and makes a comprehensive assessment of the investment needed to reach the Sustainable Development Goals in the region by 2030. It estimates that an additional $1.5 trillion per year would be needed to end poverty and hunger, provide basic health care and quality education for all, invest in an enabling infrastructure, clean energy and climate action, and live in harmony with nature. Realizing these “ambitions beyond growth” is largely affordable for most countries in the region, given the available public and private resources. At the same time, strong development partnerships and regional cooperation are essential to ensure all countries complete this important journey.
For more information please contact:
Dr. Rajan Sudesh Ratna
Economic Affairs Officer, UNESCAP
South and South West Asia Office
Phone: +91 11 30973707
Mobile (Office) + 91 8800197128