Economic Recovery in Asia and the Pacific

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(CC) laverrue/Flickr

(CC) laverrue/Flickr

The UN Economic and Social Commission for Asia and the Pacific (ESCAP) has just launched the Economic and Social Survey of Asia and the Pacific 2009: Year-end Update. The update indicates that the region is leading the global economic recovery, with the growth rate in 2010 forecast to reach 6.3%, the highest in the world. However, considerable uncertainties remain about the extent and durability of the recovery, as it depends so much on external factors. Key to the region’s exports will be the recovery of demand in developed countries.

The full report is available on the web.