UN / ECONOMIC AND SOCIAL SURVEY

The UN Department of Economic and Social Affairs (DESA) discusses the newly launched Economic and Social Survey of Asia and the Pacific 2013. UNTV 

• Categories: News & Features / News Stories / Unifeed
• Video Length: 00:01:58
• Production Date: 18 April 2013
• Asset Language: Original
• Corporate Name: ECONOMIC AND SOCIAL COMMISSION FOR ASIA AND THE PACIFIC - ESCAP
• Subject Topical: ECONOMIC DEVELOPMENT; FINANCING; ECONOMIC CONDITIONS
• MAMS Id: U130418d

Description

STORY: UN / ECONOMIC AND SOCIAL SURVEY
TRT: 1.58
SOURCE: UNTV
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 18 APRIL 2013, UNITED NATIONS HEADQUARTERS IN NEW YORK

Shotlist

FILE – RECENT, UNITED NATIONS HEADQUARTERS IN NEW YORK

1. Exterior shot, Secretariat building in the United Nations Headquarters in New York.

18 APRIL 2013, UNITED NATIONS HEADQUARTERS IN NEW YORK

2. Wide shot, press conference by the UN Department of Economic and Social Affairs (DESA). At the table: Ingo Pitterle, Economic Affairs Officer of the Global Economic Monitoring Unit, DESA; Pingfan Hong, Chief of the Global Economic and Monitoring Unit, DESA; and moderator Wynne Boelt, of the UN Department of Public Information.
3. Close up, photographer taking a shot
4. Pingfan Hong, Chief of the Global Economic and Monitoring Unit, DESA:
“Economic growth in the Asia-Pacific region remains subdued. Of course, that is in comparison with the gross trajectory of the region before the global financial crisis. This is largely due to the impact of the persistent weaknesses and uncertainties in the developed economies, but is also partly because of structural impediments in many regional economies.”
5. Wide shot, auditorium
6. Pingfan Hong, Chief of the Global Economic and Monitoring Unit, DESA:
“The survey points out that the region is at a critical juncture as the continuing impact of the great recession exposes the weaknesses of the development model in which rapid economic growth is accompanied by rising inequalities and severe depletion of natural resources. So the survey claims that the motto of growth first and then distribute and clean up later is no longer acceptable.”
7. Close up, journalist listening
8. Ingo Pitterle, Economic Affairs Officer of the Global Economic Monitoring Unit, DESA:
“An important finding of the survey is that lower growth which we are observing last year and this year compared to the pre global financial crisis period, this could become a new normal for many countries in the region and is therefore especially important to address the structural impediments the region is facing.”
9. Close up, photographer taking a shot
10. Wide shot, press conference table

Storyline

The Asia-Pacific region will see subdued growth this year, a UN report said today (18 April) which urged Governments to implement macroeconomic policies that focus more on inclusive and sustainable development.

At a press conference in New York marking the launch of the Economic and Social Survey of Asia and the Pacific 2013 in Beijing, China, the Chief of the Global Economic Monitoring Unit of the Department of Economic and Social Affairs at the United Nations, Pingfan Hong, said that the “the region is at a critical juncture as the continuing impact of the great recession exposes the weaknesses of the development model in which rapid economic growth is accompanied by rising inequalities and severe depletion of natural resources.”

A macro-economic policy that would reorient the region towards a more inclusive and sustainable growth path was therefore needed, as “the motto of growth first and then distribute and clean up later is no longer acceptable.”

According to the report, the flagship publication of the UN Economic and Social Commission for Asia and the Pacific (ESCAP), the growth rate of the region’s developing economies is projected to rise to 6 per cent in 2013 from 5.6 per cent last year, but compared to 7 per cent in 2011.

According to Ingo Pitterle, Economic Affairs Officer of the Global Economic Monitoring Unit, who also spoke at the conference, the “lower growth which we are observing last year and this year compared to the pre global financial crisis period” could become “a new normal for many countries in the region and is therefore specially important to address” the inequality, and energy and infrastructure shortages.

The Economic and Social Survey of Asia and the Pacific is the oldest and most comprehensible annual review of economic and social development in the region.