Surging Private Debt Threatens Asia's Public Debt Sustainability
From past experience we know how quickly the bursting of a privately leveraged boom cycle ends up weighing on national budgets and public debt.
From past experience we know how quickly the bursting of a privately leveraged boom cycle ends up weighing on national budgets and public debt.
Small Pacific economies are particularly vulnerable to the impacts of disasters on economic growth. Special support systems need to be in place to help them respond.
‘Build back better’ is often easier said than done after a disaster, but one example from the People’s Republic of China shows that it can be done well.
灾后“重建得更好”通常说起来容易,做起来难,但中华人民共和国的例子表明,这是可以实现的。
Countries can minimize the economic risk of epidemics by investing in the tools needed to predict disease emergence.
Asian countries should implement reforms now, while their debt is sustainable, in order to head off a debt crisis.
亚洲国家应趁债务尚具可持续性,立即实施改革,以避免债务危机。