Addressing firm productivity slowdown key to long-term growth WASHINGTON, March 31, 2024 —Developing East Asia and Pacific is growing faster than the rest of the world but slower than it was before the pandemic, the World Bank said on Sunday in .
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THE World Bank said the private sector has lagged in terms of investments that are needed to raise total factor productivity and economic growth in East Asia and the Pacific economies, including the Philippines. World Bank East Asia and Pacific Chief Economist Aaditya Mattoo said this can be observed among…
While recovering global trade and easing financial conditions will support economies in the region, increasing protectionism and policy uncertainty will dampen growth.