Pacific Economies Must Shift Toward Jobs and Long-Term Resilience as Global Uncertainty Persists
you are currently viewing:Pacific Economies Must Shift Toward Jobs and Long-Term Resilience as Global Uncertainty PersistsMay 12, 2026-World Bank's Pacific Economic Update suggests repeated shocks are the region's 'new-normal' The report finds that repeated external shocks are becoming the region’s "new normal", while reliable water systems are increasingly critical to jobs, business growth, and long-term resilience. Pacific economies remain highly exposed to fuel shocks, with oil imports accounting for around 15-25 percent of merchandise imports in many countries. The update warns that continued disruptions to fuel and shipping markets are likely to slow growth further over the next six to nine months. Source: worldbank.org |
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