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Productivity in the Time of COVID-19: Evidence from East Asia and Pacific

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dc.contributor.authorde Nicola, Francesca
dc.contributor.authorTimmis, Jonathan
dc.contributor.authorTran, Trang Thu
dc.contributor.authorMattoo, Aaditya
dc.date.accessioned2021-04-29T20:10:00Z
dc.date.available2021-04-29T20:10:00Z
dc.date.issued2021-04-26
dc.description.abstractFirms in the East Asia and Pacific (EAP) region have been hit hard by the COVID-19 (coronavirus) pandemic, with dramatic and widespread falls in sales and employment. Firm sales in some EAP countries were 38 to 58 percent lower in April or May 2020, compared to the same month in the previous year. Small and medium-sized enterprises (SMEs) have been particularly affected. The pandemic will have a lasting impact on productivity growth as firm indebtedness and increased uncertainty inhibit investment, and firm closures and unemployment lead to a loss of valuable intangible assets. Support for firms is needed but must be based as far as possible on objective criteria, related not only to past performance or current pain but to the potential for firms, including new firms, to thrive in the future. To avoid unduly prolonging assistance, governments should build exit strategies into the design of support measures and commit to phasing support out by linking it to observable macroeconomic indicators of recovery.en
dc.identifierhttp://documents.worldbank.org/curated/en/577501619186435038/Productivity-in-the-Time-of-COVID-19-Evidence-from-East-Asia-and-Pacific
dc.identifier.doi10.1596/35528
dc.identifier.urihttps://hdl.handle.net/10986/35528
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesResearch and Policy Brief;No. 46
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectSMALL AND MEDIUM-SIZED ENTERPRISES
dc.subjectMICROENTERPRISES
dc.subjectFIRM PRODUCTIVITY
dc.subjectCORONAVIRUS
dc.subjectCOVID-19
dc.subjectPANDEMIC IMPACT
dc.subjectECONOMIC SHOCK
dc.subjectEMPLOYMENT
dc.subjectSALES REVENUE
dc.subjectPANDEMIC RESPONSE
dc.subjectGOVERNMENT SUPPORT
dc.titleProductivity in the Time of COVID-19en
dc.title.subtitleEvidence from East Asia and Pacificen
dc.typeBriefen
dc.typeFichefr
dc.typeResumenes
dspace.entity.typePublication
okr.crossref.titleProductivity in the Time of COVID-19: Evidence from East Asia and Pacific
okr.date.disclosure2021-04-23
okr.date.doiregistration2025-04-29T09:23:02.625079Z
okr.date.doiregistration2025-05-20T02:24:44.807628Z
okr.date.doiregistration2025-05-23T02:23:20.807819Z
okr.date.doiregistration2025-05-29T02:10:34.236883Z
okr.date.doiregistration2025-05-30T02:10:50.531523Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Brief
okr.docurlhttp://documents.worldbank.org/curated/en/577501619186435038/Productivity-in-the-Time-of-COVID-19-Evidence-from-East-Asia-and-Pacific
okr.guid577501619186435038
okr.identifier.externaldocumentum090224b08851a32b_1_0
okr.identifier.internaldocumentum33022247
okr.identifier.report158503
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/577501619186435038/pdf/Productivity-in-the-Time-of-COVID-19-Evidence-from-East-Asia-and-Pacific.pdfen
okr.region.geographicalEast Asia
okr.region.geographicalOceania
okr.topicHealth, Nutrition and Population::Disease Control & Prevention
okr.topicMacroeconomics and Economic Growth::Business Cycles and Stabilization Policies
okr.topicPrivate Sector Development::Private Sector Economics
okr.topicPublic Sector Development::Public Sector Expenditure Policy
okr.topicPrivate Sector Development::Business Environment
okr.unitDECRG: Macroeconomics & Growth (DECMG)
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