East Asia and Pacific Economic Update, October 2021 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook East Asia and Pacific Economic Update, October 2021 write by World Bank. This book was released on 2021-09-27. East Asia and Pacific Economic Update, October 2021 available in PDF, EPUB and Kindle. "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.
East Asia and Pacific Economic Update, October 2021
East Asia and Pacific Economic Update, October 2021 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook East Asia and Pacific Economic Update, October 2021 write by World Bank Group. This book was released on 2021. East Asia and Pacific Economic Update, October 2021 available in PDF, EPUB and Kindle. 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.
East Asia and Pacific Economic Update October 2014
East Asia and Pacific Economic Update October 2014 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook East Asia and Pacific Economic Update October 2014 write by World Bank. This book was released on 2014-10-09. East Asia and Pacific Economic Update October 2014 available in PDF, EPUB and Kindle. In China, growth will gradually moderate, reflecting intensified policy efforts to address financial vulnerabilities and structural constraints, and place the economy on a more sustainable growth path. In the rest of the region, growth will pick up, as exports firm in line with strengthening global activity, and the impact of domestic adjustment in large ASEAN countries eases. Significant uncertainties remain about the sustainability of the global recovery, and global financial conditions are likely to tighten. The short-term priority in several countries is to address the vulnerabilities and inefficiencies created by an extended period of loose financial conditions and fiscal stimulus. In China, the authorities need to strike a balance between containing growing risks from rising leverage and meeting the indicative growth targets. Over the longer term, the focus in most countries must be on structural reforms to enhance export competitiveness. The report’s special section focuses on education & skills development; international migration; and the policy priorities for the Pacific Island Countries.
East Asia and Pacific Economic Update October 2014
East Asia and Pacific Economic Update October 2014 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook East Asia and Pacific Economic Update October 2014 write by World Bank. This book was released on 2014. East Asia and Pacific Economic Update October 2014 available in PDF, EPUB and Kindle. In China, growth will gradually moderate, reflecting intensified policy efforts to address financial vulnerabilities and structural constraints, and place the economy on a more sustainable growth path. In the rest of the region, growth will pick up, as exports firm in line with strengthening global activity, and the impact of domestic adjustment in large ASEAN countries eases. Significant uncertainties remain about the sustainability of the global recovery, and global financial conditions are likely to tighten. The short-term priority in several countries is to address the vulnerabilities and inefficiencies created by an extended period of loose financial conditions and fiscal stimulus. In China, the authorities need to strike a balance between containing growing risks from rising leverage and meeting the indicative growth targets. Over the longer term, the focus in most countries must be on structural reforms to enhance export competitiveness. The report's special section focuses on education & skills development; international migration; and the policy priorities for the Pacific Island Countries.
Global Economic Prospects, June 2021
Global Economic Prospects, June 2021 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Global Economic Prospects, June 2021 write by World Bank. This book was released on 2021-08-03. Global Economic Prospects, June 2021 available in PDF, EPUB and Kindle. The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominent among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.
