World Bank East Asia and Pacific Economic Update, October 2020 : From Containment to Recovery

COVID-19 has delivered a triple shock to the developing East Asia and Pacific (EAP) region: the pandemic itself, the economic impact of containment measures, and reverberations from the global recession. Without action on multiple fronts, the pandemic could reduce regional growth over the next decad...

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Main Author: World Bank
Format: Book
Published: Washington, DC: World Bank 2020
Subjects:
Online Access:https://documents.worldbank.org/en/publication/documents-reports/documentdetail/424491601438750673/main-report
http://hdl.handle.net/10986/34497
id okr-10986-34497
recordtype oai_dc
spelling okr-10986-344972021-04-23T14:02:01Z World Bank East Asia and Pacific Economic Update, October 2020 : From Containment to Recovery World Bank CORONAVIRUS COVID-19 PANDEMIC IMPACT ECONOMIC GROWTH RECESSION ECONOMIC OUTLOOK VOLATILITY FISCAL POLICY DEBT FINANCIAL SECTOR PRODUCTIVITY SOCIAL PROTECTION HUMAN CAPITAL TRADE POVERTY COVID-19 has delivered a triple shock to the developing East Asia and Pacific (EAP) region: the pandemic itself, the economic impact of containment measures, and reverberations from the global recession. Without action on multiple fronts, the pandemic could reduce regional growth over the next decade by 1 percentage point per year, with the greatest impacts being felt by poor households, because of lower levels of access to healthcare, education, jobs, and finance. Why were many economies in the region able to contain the disease while some others still struggle? How have these shocks affected economic activity and poverty in different countries? What are the prospects for recovery and how will longer term growth be affected across the region? Is there a tension between containing the disease and providing relief today and promoting recovery and growth tomorrow? These key questions are addressed in the World Bank’s October 2020 EAP Economic Update. 2020-09-23T19:32:35Z 2020-09-23T19:32:35Z 2020-09-28 Book https://documents.worldbank.org/en/publication/documents-reports/documentdetail/424491601438750673/main-report 978-1-4648-1641-3 http://hdl.handle.net/10986/34497 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research Publications & Research :: Publication East Asia and Pacific East Asia Oceania China
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
topic CORONAVIRUS
COVID-19
PANDEMIC IMPACT
ECONOMIC GROWTH
RECESSION
ECONOMIC OUTLOOK
VOLATILITY
FISCAL POLICY
DEBT
FINANCIAL SECTOR
PRODUCTIVITY
SOCIAL PROTECTION
HUMAN CAPITAL
TRADE
POVERTY
spellingShingle CORONAVIRUS
COVID-19
PANDEMIC IMPACT
ECONOMIC GROWTH
RECESSION
ECONOMIC OUTLOOK
VOLATILITY
FISCAL POLICY
DEBT
FINANCIAL SECTOR
PRODUCTIVITY
SOCIAL PROTECTION
HUMAN CAPITAL
TRADE
POVERTY
World Bank
World Bank East Asia and Pacific Economic Update, October 2020 : From Containment to Recovery
geographic_facet East Asia and Pacific
East Asia
Oceania
China
description COVID-19 has delivered a triple shock to the developing East Asia and Pacific (EAP) region: the pandemic itself, the economic impact of containment measures, and reverberations from the global recession. Without action on multiple fronts, the pandemic could reduce regional growth over the next decade by 1 percentage point per year, with the greatest impacts being felt by poor households, because of lower levels of access to healthcare, education, jobs, and finance. Why were many economies in the region able to contain the disease while some others still struggle? How have these shocks affected economic activity and poverty in different countries? What are the prospects for recovery and how will longer term growth be affected across the region? Is there a tension between containing the disease and providing relief today and promoting recovery and growth tomorrow? These key questions are addressed in the World Bank’s October 2020 EAP Economic Update.
format Book
author World Bank
author_facet World Bank
author_sort World Bank
title World Bank East Asia and Pacific Economic Update, October 2020 : From Containment to Recovery
title_short World Bank East Asia and Pacific Economic Update, October 2020 : From Containment to Recovery
title_full World Bank East Asia and Pacific Economic Update, October 2020 : From Containment to Recovery
title_fullStr World Bank East Asia and Pacific Economic Update, October 2020 : From Containment to Recovery
title_full_unstemmed World Bank East Asia and Pacific Economic Update, October 2020 : From Containment to Recovery
title_sort world bank east asia and pacific economic update, october 2020 : from containment to recovery
publisher Washington, DC: World Bank
publishDate 2020
url https://documents.worldbank.org/en/publication/documents-reports/documentdetail/424491601438750673/main-report
http://hdl.handle.net/10986/34497
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