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  • Publication | 2022

World Bank East Asia And The Pacific Economic Update October 2022 - Reforms for Recovery

Global Food and Nutrition Security

Growth in most countries in the East Asia and the Pacific (EAP) region rebounded in the first half of 2022, but China lost momentum. In much of the region, domestic demand revived after the distress of the COVID-19 Delta wave. In China, the public health measures to contain outbreaks of the highly infectious Omicron variant inhibited consumption. Most of the region is projected to grow faster and have lower inflation in 2022 than other regions.

Beyond the end of 2022, three factors could be a drag on growth: global deceleration, rising debt, and policy distortions. Current measures to contain inflation and debt are adding to existing distortions in the markets for food, fuel and finance in ways that could hurt growth. In each case, measures that are more efficient could address current difficulties without undermining longer-term objectives.

In particular, chapter 3.2.1 deals with the impacts of the global food insecurity crisis, in particular of Russia’s war against Ukraine.

Chapter 5.3 deals with efficiently choosing policies that achieve food and fuel goals.