Timor-Leste Economic Report, May 2021 : Charting a New Path

COVID-19 is spreading quickly throughout the country, despite early successes in containing the virus. Meanwhile, flooding and landslides have caused considerable human loss and economic damage. These compounding health and humanitarian emergencies are undermining the economic recovery in 2021, bu...

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Main Author:	World Bank Group
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	ECONOMIC GROWTH FLOODS FISCAL TRENDS MONETARY POLICY EXTERNAL SECTOR CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE ECONOMIC OUTLOOK RISKS HEALTH SYSTEM HEALTH SERVICE DELIVERY HEALTH FINANCING
Online Access:	http://documents.worldbank.org/curated/en/335691623267556394/Timor-Leste-Economic-Report-Charting-a-New-Path http://hdl.handle.net/10986/35720

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recordtype	oai_dc
spelling	okr-10986-357202021-06-10T05:11:24Z Timor-Leste Economic Report, May 2021 : Charting a New Path World Bank Group ECONOMIC GROWTH FLOODS FISCAL TRENDS MONETARY POLICY EXTERNAL SECTOR CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE ECONOMIC OUTLOOK RISKS HEALTH SYSTEM HEALTH SERVICE DELIVERY HEALTH FINANCING COVID-19 is spreading quickly throughout the country, despite early successes in containing the virus. Meanwhile, flooding and landslides have caused considerable human loss and economic damage. These compounding health and humanitarian emergencies are undermining the economic recovery in 2021, but the recent approval of a revised budget can alleviate the negative impacts. Economic activity has been weakened by the recent COVID-19 outbreak and the impact of Cyclone Seroja. GDP is forecast to grow by 1.8 percent in 2021, which is lower than the 3.1 projected in October 2020. The economy is expected to recover in the medium-term, but structural constraints will remain an impediment to faster growth. Reforms to boost productivity and competitiveness are critical. COVID-19 and recent floods have highlighted and exacerbated underlying weaknesses in Timor-Leste’s health system. Disruptions to health and nutrition services arising from these crises may have a multiplier effect on access to care for routine and essential care, setting back the country’s progress on health outcomes and human capital development. 2021-06-09T21:44:21Z 2021-06-09T21:44:21Z 2021-05 Report http://documents.worldbank.org/curated/en/335691623267556394/Timor-Leste-Economic-Report-Charting-a-New-Path http://hdl.handle.net/10986/35720 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling East Asia and Pacific Timor-Leste
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ECONOMIC GROWTH FLOODS FISCAL TRENDS MONETARY POLICY EXTERNAL SECTOR CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE ECONOMIC OUTLOOK RISKS HEALTH SYSTEM HEALTH SERVICE DELIVERY HEALTH FINANCING
spellingShingle	ECONOMIC GROWTH FLOODS FISCAL TRENDS MONETARY POLICY EXTERNAL SECTOR CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE ECONOMIC OUTLOOK RISKS HEALTH SYSTEM HEALTH SERVICE DELIVERY HEALTH FINANCING World Bank Group Timor-Leste Economic Report, May 2021 : Charting a New Path
geographic_facet	East Asia and Pacific Timor-Leste
description	COVID-19 is spreading quickly throughout the country, despite early successes in containing the virus. Meanwhile, flooding and landslides have caused considerable human loss and economic damage. These compounding health and humanitarian emergencies are undermining the economic recovery in 2021, but the recent approval of a revised budget can alleviate the negative impacts. Economic activity has been weakened by the recent COVID-19 outbreak and the impact of Cyclone Seroja. GDP is forecast to grow by 1.8 percent in 2021, which is lower than the 3.1 projected in October 2020. The economy is expected to recover in the medium-term, but structural constraints will remain an impediment to faster growth. Reforms to boost productivity and competitiveness are critical. COVID-19 and recent floods have highlighted and exacerbated underlying weaknesses in Timor-Leste’s health system. Disruptions to health and nutrition services arising from these crises may have a multiplier effect on access to care for routine and essential care, setting back the country’s progress on health outcomes and human capital development.
format	Report
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	Timor-Leste Economic Report, May 2021 : Charting a New Path
title_short	Timor-Leste Economic Report, May 2021 : Charting a New Path
title_full	Timor-Leste Economic Report, May 2021 : Charting a New Path
title_fullStr	Timor-Leste Economic Report, May 2021 : Charting a New Path
title_full_unstemmed	Timor-Leste Economic Report, May 2021 : Charting a New Path
title_sort	timor-leste economic report, may 2021 : charting a new path
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/en/335691623267556394/Timor-Leste-Economic-Report-Charting-a-New-Path http://hdl.handle.net/10986/35720
_version_	1764483642910834688

Timor-Leste Economic Report, May 2021 : Charting a New Path

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