Dear colleagues!

 

The subregional office of ESCAP for North and Central Asia is pleased to invite all interested to participate in the global presentation of the "Survey of the economic and social situation of the Asian and Pacific region for 2016", which will be held on April 28, 2016.

 

Location: Hall № 409, 4th floor, Scientific Library "Al-Farabi"

Time: from 10:00 to 12:00

 

This event is carried out by the ESCAP Subregional Office for North and Central Asia in close cooperation with the Foundation of the First President of the Republic of Kazakhstan-Leader of the Nation and the Kazakh National University named after A.Ya. Al-Farabi.

 

This year, the presentation of the Review will be held simultaneously in more than 25 countries around the world, including in cities such as Astana and Almaty, as well as in New York and Geneva.

 

The launch of the Review is expected to involve representatives of government and academic circles, the diplomatic corps and journalists. Dr Shamshad Akhtar, Deputy Secretary-General of the United Nations and Executive Secretary of ESCAP, will launch a global presentation of the 2016 Review in Bangkok, Thailand.

 

The 2016 survey assesses the region's economic outlook, noting that the pace of economic growth in the region has slowed significantly in recent years, and that this will have a negative impact on poverty eradication, reducing inequality and increasing employment. It analyzes the consequences of key risks of deteriorating the situation and discusses various policy options. It is argued that the political levers for countercyclical measures have shifted from the monetary to the fiscal sphere.

The 2016 review emphasizes that governments need to pay more attention to stimulating domestic and regional demand to support economic growth. Stimulation of domestic demand will require a planned increase in real wages, which, in turn, will require a higher level of labor productivity. The increase in labor productivity is especially relevant in connection with the Agenda for Sustainable Development until 2030, as investments in sustainable development will contribute to productivity growth, creating favorable conditions for the correlation of sustainable development and productivity.

 

Contacts: Staff of the ESCAP Subregional Office for North and Central Asia David Toth (Tel: +7 727 3384412, e-mail: tothi@un.org) or Rehim Baratov (Tel: +7 727 3384405, e-mail: baratov@un.org ).