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Asia-Pacific Quarterly Economic Update. November 2024
Average projected output growth in developing Asia-Pacific economies in 2024 is revised upwards to 4.7 per cent, while the outlook for 2025 is maintained at 4.4 per cent.
Inflation continued to decline in most economies, creating more room for policy interest rate reductions.
Despite stable overall employment conditions, youth employment and women’s participation in job markets remain low in some Asia-Pacific subregions.
Special topic: Phasing out fossil fuel subsidies can help free up fiscal resources for sustainable development amid tighter fiscal positions in the region.
Inflation continued to decline in most economies, creating more room for policy interest rate reductions.
Despite stable overall employment conditions, youth employment and women’s participation in job markets remain low in some Asia-Pacific subregions.
Special topic: Phasing out fossil fuel subsidies can help free up fiscal resources for sustainable development amid tighter fiscal positions in the region.
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