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Europe and Central Asia Economic Update, Spring 2020: Fighting COVID-19

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dc.contributor.authorWorld Bank
dc.date.accessioned2020-03-25T15:57:25Z
dc.date.available2020-03-25T15:57:25Z
dc.date.issued2020-04-09
dc.description.abstractIn February 2020, the coronavirus outbreak interrupted the recovery that was underway in the Europe and Central Asia region earlier in the year. Given the rapidly evolving situation, this update summarizes the recent developments and growth outlook for the region under different scenarios regarding the outbreak. Although the magnitudes are uncertain, the pandemic is likely to derail the near-term outlook by interrupting daily activity, putting further downward pressure on commodity prices, disrupting tightly linked global and regional supply chains, reducing travel and tourist arrivals, and decreasing demand for exports from economies in the region. There are trade-offs between the health benefits of policies to slow down the spread of the disease and the economic costs of these actions. During these difficult times, it is important for policy makers to act decisively to save lives and invest in their public health systems; but also minimize the economic cost by strengthening the safety net for the most vulnerable; supporting the private sector through short-term credit, tax breaks, or subsidies; and being prepared to lower interest rates and inject liquidity to restore financial stability and boost confidence.
dc.identifierhttp://documents.worldbank.org/curated/en/276301586361664871/Fighting-COVID-19
dc.identifier.doi10.1596/978-1-4648-1564-5
dc.identifier.isbn978-1-4648-1564-5
dc.identifier.urihttps://hdl.handle.net/10986/33476
dc.publisherWashington, DC: World Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectCORONAVIRUS
dc.subjectCOVID-19
dc.subjectECONOMIC SHOCK
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC OUTLOOK
dc.subjectFISCAL TRENDS
dc.titleEurope and Central Asia Economic Update, Spring 2020en
dc.title.subtitleFighting COVID-19en
dc.typeSerialen
dc.typeSérielfr
dc.typeSeriales
dspace.entity.typePublication
okr.crossref.titleEurope and Central Asia Economic Update, Spring 2020: Fighting COVID-19
okr.date.disclosure2020-04-09
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research
okr.guid276301586361664871
okr.guid917271588827800432
okr.identifier.doi10.1016/978-1-4648-1564-5
okr.identifier.doi10.1596/978-1-4648-1564-5
okr.identifier.doihttps://doi.org/10.1596/978-1-4648-1564-5
okr.identifier.report147505
okr.language.supporteden
okr.region.administrativeEurope and Central Asia
okr.region.geographicalCentral Asia
okr.region.geographicalEurope
okr.region.geographicalEurope and Central Asia
okr.topicMacroeconomics and Economic Growth::Economic Conditions and Volatility
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicSocial Protections and Labor::Labor Markets
okr.unitECACE
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