Share

World Bank East Asia and Pacific Economic Update, Spring 2021

2021 Business & Economics
Download World Bank East Asia and Pacific Economic Update, Spring 2021 PDF Online Free

Author :
Release : 2021
Genre : Business & Economics
Kind : eBook
Book Rating : 022/5 ( reviews)

GET EBOOK


Book Synopsis World Bank East Asia and Pacific Economic Update, Spring 2021 by : World Bank

Download or read book World Bank East Asia and Pacific Economic Update, Spring 2021 written by World Bank. This book was released on 2021. Available in PDF, EPUB and Kindle. Book excerpt: A year after the first case was confirmed in Wuhan COVID-19 is proving hard to suppress even, while the emergence of more transmissible variants of the variant poses new challenges to the containment of the disease globally. The economies of the region began to bounce back in the second half of 2020. However, only China and Vietnam have followed a V-shape recovery path with output surpassing pre-COVID-19 levels. Most of the other countries have not seen a full-fledged recovery in terms of either output or growth momentum. Economic performance across countries continues to depend on (i) the efficiency with which the virus is contained; (ii) the ability to take advantage of the revival in international goods trade; and (iii) the capacity of governments to provide fiscal and monetary support. China and Vietnam are expected to enjoy strong growth in 2021, whereas other economies in the region will grow more gradually. Many economies, especially in the Pacific islands are not expected to reach pre-COVID-19 levels of output until 2022 or later. Governments in the region need to work cooperatively to address three key issues: (i) a regional and global distribution of vaccines that minimizes the risk of a continued spread of COVID-19 and its variants; (ii) continue to provide economic support to their economies while carefully evaluating the trade-offs between the need for further stimulus and debt sustainability; and (iii) enact policies and prioritize investments that protect against climate risk to ensure sustainable economic growth.

World Bank East Asia and Pacific Economic Update, Spring 2021

2021
Download World Bank East Asia and Pacific Economic Update, Spring 2021 PDF Online Free

Author :
Release : 2021
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

GET EBOOK


Book Synopsis World Bank East Asia and Pacific Economic Update, Spring 2021 by : Weltbankgruppe

Download or read book World Bank East Asia and Pacific Economic Update, Spring 2021 written by Weltbankgruppe. This book was released on 2021. Available in PDF, EPUB and Kindle. Book excerpt: A year after the first case was confirmed in Wuhan COVID-19 is proving hard to suppress even, while the emergence of more transmissible variants of the variant poses new challenges to the containment of the disease globally. The economies of the region began to bounce back in the second half of 2020. However, only China and Vietnam have followed a V-shape recovery path with output surpassing pre-COVID-19 levels. Most of the other countries have not seen a full-fledged recovery in terms of either output or growth momentum. Economic performance across countries continues to depend on (i) the efficiency with which the virus is contained; (ii) the ability to take advantage of the revival in international goods trade; and (iii) the capacity of governments to provide fiscal and monetary support. China and Vietnam are expected to enjoy strong growth in 2021, whereas other economies in the region will grow more gradually. Many economies, especially in the Pacific islands are not expected to reach pre-COVID-19 levels of output until 2022 or later. Governments in the region need to work cooperatively to address three key issues: (i) a regional and global distribution of vaccines that minimizes the risk of a continued spread of COVID-19 and its variants; (ii) continue to provide economic support to their economies while carefully evaluating the trade-offs between the need for further stimulus and debt sustainability; and (iii) enact policies and prioritize investments that protect against climate risk to ensure sustainable economic growth.

East Asia and Pacific Economic Update, October 2021

2021-09-27 Business & Economics
Download East Asia and Pacific Economic Update, October 2021 PDF Online Free

Author :
Release : 2021-09-27
Genre : Business & Economics
Kind : eBook
Book Rating : 995/5 ( reviews)

GET EBOOK


Book Synopsis East Asia and Pacific Economic Update, October 2021 by : World Bank

Download or read book East Asia and Pacific Economic Update, October 2021 written by World Bank. This book was released on 2021-09-27. Available in PDF, EPUB and Kindle. Book excerpt: "Long COVID: Scars and Opportunity." The title of this report has two meanings. First, that the disease will leave in its wake a durably damaged economy. Second, that the disease is not leaving any time soon and may be here to stay. This duality reflects the two themes of this Update. In the near time, the persistence of the pandemic will prolong human and economic distress unless individuals and firms can adapt. In the longer-term, COVID-19 will reduce growth and increase inequality unless we can remedy the scars and grasp the opportunities created by the pandemic. Accordingly, policy action must help economic agents not just to adjust today but also to make choices that avert economic sluggishness and disparity tomorrow. We begin by addressing three proximate questions: What is happening to the economies? Why? And what can we expect? We then discuss the longer-term impact of COVID-19, on growth through the impact on firms and on inequality through the impact on households.

World Bank East Asia and Pacific Economic Update, Spring 2020

2020-04-07 Business & Economics
Download World Bank East Asia and Pacific Economic Update, Spring 2020 PDF Online Free

Author :
Release : 2020-04-07
Genre : Business & Economics
Kind : eBook
Book Rating : 658/5 ( reviews)

GET EBOOK


Book Synopsis World Bank East Asia and Pacific Economic Update, Spring 2020 by : World Bank

Download or read book World Bank East Asia and Pacific Economic Update, Spring 2020 written by World Bank. This book was released on 2020-04-07. Available in PDF, EPUB and Kindle. Book excerpt: Growth in the developing East Asia and Pacific region slowed sharply in 2020Q1 because of the negative impact of the Covid-19 on economic activity. The decline has been broad-based reflecting the interconnectedness of the EAP economies and reverberations from the global economy as the virus turned into a pandemic. The Covid-19 outbreak followed an extended period of subdued growth in the region amid multiple external headwinds and heightened trade policy uncertainty. China and other regional economies have implemented monetary and fiscal policy measures to mitigate the negative impact of the outbreak. Growth in the East Asia and Pacific (EAP) region is projected to slow from 5.8 percent in 2019 to lower-than-expected [5.2 percent in 2020], reflecting the expected negative effects of the COVID-19. In this baseline scenario, which is subject to significant uncertainty, growth in the region is expected to recover to [5.6 percent in 2021], as the impact of Covid-19 gradually dissipates. In the medium-term regional growth is expected to continue its downward trend reflecting multiple structural headwinds. Policymakers should focus on designing economically efficient transmission control policies that consider both the marginal costs and the marginal benefits of preventive measures. Such policies would ideally be based on countries’ preparedness and exposure as well as economic circumstances. Targeted fiscal and monetary polices can help reduce the economic disruption caused by COVID-19 in the short term. In the medium-term, there is need to restore depleted buffers, address sources of financial instability, and invest in preventing and coping with infectious disease. Given the growing interdependence between EAP countries, coordinated policies and investments could increase resilience to shocks.

World Bank East Asia and Pacific Economic Update, April 2024

2024-04 Business & Economics
Download World Bank East Asia and Pacific Economic Update, April 2024 PDF Online Free

Author :
Release : 2024-04
Genre : Business & Economics
Kind : eBook
Book Rating : 02X/5 ( reviews)

GET EBOOK


Book Synopsis World Bank East Asia and Pacific Economic Update, April 2024 by : World Bank

Download or read book World Bank East Asia and Pacific Economic Update, April 2024 written by World Bank. This book was released on 2024-04. Available in PDF, EPUB and Kindle. Book excerpt: Most economies in developing East Asia and Pacific (EAP) are growing faster than the rest of the world but slower than before the pandemic. Slowing global growth, still tight financial conditions, and an increase in trade protection and industrial support in large and rich countries are key aspects of the external environment shaping the region's economic performance. Amplified public and private debt, constrained macroeconomic policy, and increased policy uncertainty are the major domestic issues. EAP's current macroeconomic challenges risk obscuring the microeconomic foundations of longer-term growth. Over the last decade, EAP's growth has been driven by investment and capital deepening rather than by increased productivity of firms. Now private investment is weak and productivity declining†“further inhibiting the incentive to invest. Firms are the protagonists of productivity growth. Some of the weaker firms in EAP countries are beginning to catch up with stronger firms. But the stronger firms in the region are failing to take full advantage of new technologies: regional leaders risk becoming global laggards. Bold policy action to unleash competition, improve infrastructure and reform education with measured state support could revitalize the region's economy.

You may also like...