Warning that despite a broadly positive economic outlook for 2017, Asia-Pacific economies are vulnerable to rising global uncertainty and trade protectionism, the 51³Ô¹Ï social and economic development arm in the region has called for better governance and stronger fiscal management to sustain and improve economic growth.
In its latest edition of the?, the UN Economic and Social Commission for Asia and the Pacific () noted that though the region's developing economies are projected to grow at 5.0 and 5.1 per cent in 2017 and 2018, respectively, a steeper-than-anticipated increase in risks could reduce average growth this year by up to 1.2 percentage points.
As we enter the second year of the?