Economic conditions have stabilized in the Asia-Pacific region in the second half of 2016, as such stable economic conditions provide an opportunity to make progress on the productivity and inclusiveness fronts. However, despite recent stability, the likely impact of some risks for the near-term economic outlook should not be underestimated. The Economic and Social Survey of Asia and the Pacific 2016: Year-end Update highlights the possibilities to advance on key development opportunities in the region given the current economic climate.