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Lao People's Democratic Republic

East Asian and Pacific countries look to China for possible recovery, says World Bank report

James I Davison's picture

Despite a surge in joblessness and a regional drop of the forecasted GDP growth to 5.3 percent expected in 2009, developing East Asian and Pacific countries may be able to look to China for hope during the current global economic slowdown. That's according to the World Bank's April 2009 edition of the East Asia & Pacific Update, which was released today.

The latest half-yearly assessment of the region's economic health, aptly titled "Battling the Forces of Global Recession", says there have already been signs of China's economy bottoming out by mid-2009. China's possible subsequent recovery in 2010, concludes the report, could contribute to the entire region's stabilization, and perhaps recovery.

There are a number of ways to review the findings of the report on the World Bank's website. Head over to worldbank.org/eapupdate to view specific chapters or download the full report. For an intimate view of people who are being affected by the ongoing financial crisis in East Asian and Pacific countries – including Cambodia, Thailand, Mongolia and the Philippines – check out "Faces of the Crisis". You can also view hi-res graphs from the report here.

Also, check back here in the next day or so for blog posts written by World Bank economists based in Cambodia and Lao PDR.

UPDATE: For country-specific expert perspectives on the new World Bank repot, check out blog posts from World Bank economists based in Cambodia and Laos. Stéphane Guimbert considers what contraction might look like in Cambodia. And Katia Vostroknutova takes a look at Laos' economy, which is less affected by crisis, but faces the increasing challenge of sustaining growth during the crisis.

Departing thoughts on NT2: The simple importance of information

Nanda Gasparini's picture

It’s now that time for me when you have to sit down and write goodbye and thank you emails, throw away all those trees you’ve cut over the years (that would be paper), wrap up work, pack up your stuff and say goodbye.

Economics of Sanitation

Jaehyang So's picture

Most of us in the development community are aware that proper water and sanitation services are crucial for life and health. Proper sanitation especially can decrease the instances and spread of disease. But in making the case to Ministers of Finance, it is often the economic and financial case that we have to make in order to garner the investments needed to make a difference.

A Water and Sanitation Program report we released last month, called Economic Impact of Sanitation in Indonesia (pdf), makes that case for that country. The report says that the economic costs of poor hygiene and sanitation in Indonesia reached an estimated US$6.3 billion, or 2.3 percent of GDP in 2006.

Multiple realities around Nam Theun 2’s successes and problems

William Rex's picture

It’s been a while since I’ve contributed anything to this blog – many thanks to Nanda for holding the fort. Over the last 6 weeks I’ve done five trips to various parts of the NT2 project, and am starting to feel in need of salt – more on that later.

NT2 - Compensating villagers for direct losses from the project

Nanda Gasparini's picture

As I made my way down route 13 last week I wondered how many times I had been to Nam Theun 2 since my first visit in October 2006. I’m certainly not one of the people that go there the most, and yet I could recall at least 20 visits.

NT2: Not a World Bank hydropower project

William Rex's picture

A few weeks ago I wrote that “many perceive NT2 to be a World Bank hydropower project. From my perspective, that’s inaccurate in every respect. More on that in a future posting.” Following intense pressure from my reading public (thanks, Nanda), it’s time to explain what I meant.

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