2 Abstract ADB % 6.0% 2 18% UN Supachai Panitchpakdi OECD Economic growth in the Pacific region is expected to slow to 6.0% in 2012 from 7.0% in 2011, according to the latest Pacific Economic Monitor released by the Asian Development Bank (ADB). The slowdown is driven by lower growth in large resource-exporting economies that dominate regional growth. Economic troubles in the eurozone will likely have only modest and indirect effects on Pacific economies. Early signs of a rebound in trade in Asia are brightening prospects for the region's export-dependent economies and are evidence that stronger U.S. demand is filtering through to help global growth. Taiwan technology producer reported export orders, rose nearly 18% in February, compared with the year-earlier period.economists see Taiwan as an leading indicator and a proxy for global trade because of its integral role in supplying electronic components to computers, mobile phones and automobiles. The international financial system requires "drastic" reform if future crises are to be avoided, including more regional initiatives to tackle misaligned exchange rates and the wider use of capital controls, the head of a UN agency said. The Secretary General Supachai Panitchpakdi believes many of the flaws in the functioning of the global economy that led to the crisis remain and calls for drastic reform. The OECD Environmental Outlook to 2050 presents the latest projections of socio-economic trends, and their implications for four key areas of concern: climate change, biodiversity, water, and the health impacts of environmental pollution. Despite the recent recession, the global economy is projected to nearly quadruple in Rising living standards will be accompanied by ever growing demands for energy, food, and natural resources - and more pollution.
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