The World Bank's East Asia and Pacific Economic Update for April 2022 highlights the challenges faced by the region, including the impact of the war in Ukraine, lingering pandemic, inflation in the US, and China's structural slowdown. These factors are expected to lead to lower economic growth and increased poverty. However, the report also identifies opportunities, such as shifts in the trade landscape and the potential for digital technologies to boost productivity and reduce carbon emissions. To mitigate risks and capitalize on these opportunities, countries must enhance the efficiency of their fiscal policy for recovery and growth.
