eBook - ePub

Asian Development Outlook 2022

Name: Asian Development Outlook 2022
ISBN: 9789292694579

Mobilizing Taxes for Development

424 pages
English
ePUB (mobile friendly)
Available on iOS & Android

eBook - ePub

Asian Development Outlook 2022

Mobilizing Taxes for Development

About this book

Developing Asia faces greater uncertainty from the Russian invasion of Ukraine even as the region continues to contend with COVID-19 outbreaks. The war has sent shockwaves across financial and commodity markets. The highly transmissible Omicron variant has fueled a sharp rise in cases in the region, though its less severe health impact, coupled with increased immunity, has allowed economies to remain relatively open. As such, growth in the region is forecast to remain strong, supported by recovering domestic demand. The Russian invasion of Ukraine, aggressive monetary policy tightening in the US, and renewed COVID-19 outbreaks pose near-term risks to the outlook, alongside medium-term risks such as rising inequality due to school closures. Fiscal resources are needed to aid recovery and support sustainable development. But deficits and debt expanded substantially during the pandemic. Mobilizing taxes and optimizing tax incentives needs to be combined with improved spending efficiency to help developing Asia achieve its development objectives.

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Yes, you can access Asian Development Outlook 2022 by in PDF and/or ePUB format, as well as other popular books in Business & Forecasting. We have over one million books available in our catalogue for you to explore.