dc.contributor.author	World Bank
dc.date.accessioned	2021-03-16T14:53:53Z
dc.date.available	2021-03-16T14:53:53Z
dc.date.issued	2021-03-25
dc.description.abstract	A year after the first case was confirmed in Wuhan COVID-19 is proving hard to suppress even, while the emergence of more transmissible variants of the variant poses new challenges to the containment of the disease globally. The economies of the region began to bounce back in the second half of 2020. However, only China and Vietnam have followed a V-shape recovery path with output surpassing pre-COVID-19 levels. Most of the other countries have not seen a full-fledged recovery in terms of either output or growth momentum. Economic performance across countries continues to depend on (i) the efficiency with which the virus is contained; (ii) the ability to take advantage of the revival in international goods trade; and (iii) the capacity of governments to provide fiscal and monetary support. China and Vietnam are expected to enjoy strong growth in 2021, whereas other economies in the region will grow more gradually. Many economies, especially in the Pacific islands are not expected to reach pre-COVID-19 levels of output until 2022 or later. Governments in the region need to work cooperatively to address three key issues: (i) a regional and global distribution of vaccines that minimizes the risk of a continued spread of COVID-19 and its variants; (ii) continue to provide economic support to their economies while carefully evaluating the trade-offs between the need for further stimulus and debt sustainability; and (iii) enact policies and prioritize investments that protect against climate risk to ensure sustainable economic growth.	en
dc.identifier	https://documents.worldbank.org/en/publication/documents-reports/documentdetail/697271616770639068/world-bank-east-asia-and-pacific-economic-update-april-2021-uneven-recovery
dc.identifier.doi	10.1596/978-1-4648-1702-1
dc.identifier.isbn	978-1-4648-1702-1
dc.identifier.uri	https://hdl.handle.net/10986/35272
dc.publisher	Washington, DC: World Bank
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo
dc.subject	DEBT
dc.subject	DIGITAL FINANCE
dc.subject	FISCAL TRENDS
dc.subject	FISCAL BUFFER
dc.subject	ECONOMIC GROWTH
dc.subject	ECONOMIC OUTLOOK
dc.subject	INFRASTRUCTURE
dc.subject	MALNUTRITION
dc.subject	UNDERNUTRITION
dc.subject	LOW-CARBON DEVELOPMENT
dc.subject	CARBON POLICY
dc.subject	CORONAVIRUS
dc.subject	COVID-19
dc.subject	PANDEMIC RESPONSE
dc.subject	FISCAL POLICY RESPONSE
dc.subject	VACCINATION DEPLOYMENT
dc.title	World Bank East Asia and Pacific Economic Update, April 2021	en
dc.title.subtitle	Uneven Recovery	en
dc.type	Serial	en
dc.type	Sériel	fr
dc.type	Serial	es
dspace.entity.type	Publication
okr.date.disclosure	2021-03-25
okr.doctype	Publications & Research::Publication
okr.doctype	Publications & Research
okr.guid	626101617080706978
okr.guid	214221617080547121
okr.guid	112411616771776934
okr.guid	697271616770639068
okr.guid	986041616771340170
okr.guid	395351616770976891
okr.identifier.doi	10.1596/978-1-4648-1702-1
okr.identifier.report	157742
okr.language.supported	en
okr.region.administrative	East Asia and Pacific
okr.region.geographical	East Asia
okr.region.geographical	Oceania
okr.topic	Health, Nutrition and Population::Disease Control & Prevention
okr.topic	Health, Nutrition and Population::Nutrition
okr.topic	Macroeconomics and Economic Growth::Business Cycles and Stabilization Policies
okr.topic	Macroeconomics and Economic Growth::Economic Growth
okr.topic	Macroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topic	Poverty Reduction::Achieving Shared Growth
okr.unit	EAPCE

Publication: World Bank East Asia and Pacific Economic Update, April 2021: Uneven Recovery

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World Bank East Asia and Pacific Economic Update, April 2021: Uneven Recovery