Pacific Economic Monitor - July 2016

Forecasts for global growth in 2016 have been lowered to 3.1%—the same rate as last year—due to weakness in demand, international trade, and capital flows, as well as demographic trends and lackluster productivity growth. Prospects for the People’s Republic of China (PRC) have improved modestly during the first half of the year, with adjustment toward services and consumption—away from investment and manufacturing—but the IMF warns that the situation in many leading economies could further reduce global growth. Other major risk factors include the repercussions of the United Kingdom’s vote to exit the European Union, tighter credit conditions, major exchange rate fluctuations, and further weakness in commodity markets.

Highlights

About the Pacific Economic Monitor

The Pacific Economic Monitor provides an update of developments in Pacific economies and explores topical policy issues. This bi-annual publication is produced by ADB with contributions from development partners and knowledge organizations engaged in economic analysis of the Pacific.

  • Highlights 
  • The economic setting 
  • Country economic updates 
  • Policy briefs 
    • Capturing economic benefits from the Pacific's tuna resources
    • Managing rising fisheries license revenues in the Pacific: A review of five countries receiving large inflows
    • Pacific small-scale coastal fisheries: Strengthening sustainability, food production, and livelihoods
    • Some options for enhancing the vessel day scheme
  • Economic indicators 
 

 
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Source URL: https://www.adb.org/publications/pacific-economic-monitor-july-2016