BY BERNADETTE H. CARREON
KOROR, Palau — The Asian Development Bank’s December 2016 issue of the Pacific Economic Monitor stated that the average growth in the Pacific of 2.7% in 2016 and 3.3% projected for 2017 are the lowest since the global financial and economic crisis and that policies to reinvigorate and sustain economic activity need to be prioritized.
“The ongoing slowdown highlights the need for continuing policy reforms to boost both short- and long-run growth prospects across the Pacific,” said Xianbin Yao, director general of ADB’s Pacific Department.
The report . . .
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