Serial

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

Show simple item record

collection.link.136
https://openknowledge.worldbank.org/handle/10986/6001
collection.link.138
https://openknowledge.worldbank.org/handle/10986/6003
collection.link.286
https://openknowledge.worldbank.org/handle/10986/22789
collection.name.136
Russian PDFs Available
collection.name.138
Turkish PDFs Available
collection.name.286
Europe and Central Asia Economic Update
dc.contributor.author
World Bank
dc.date.accessioned
2020-03-25T15:57:25Z
dc.date.available
2020-03-25T15:57:25Z
dc.date.issued
2020-04-09
dc.date.lastModified
2021-05-25T09:33:39Z
dc.description.abstract
In 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.identifier
http://documents.worldbank.org/curated/en/276301586361664871/Fighting-COVID-19
dc.identifier.isbn
978-1-4648-1564-5
dc.identifier.uri
http://hdl.handle.net/10986/33476
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
CORONAVIRUS
dc.subject
COVID-19
dc.subject
ECONOMIC SHOCK
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIC OUTLOOK
dc.subject
FISCAL TRENDS
dc.title
Europe and Central Asia Economic Update, Spring 2020
en
dc.title.subtitle
Fighting COVID-19
en
dc.type
Serial
en
okr.crossref.title
Europe and Central Asia Economic Update, Spring 2020: Fighting COVID-19
okr.date.disclosure
2020-04-09
okr.doctype
Publications & Research :: Publication
okr.doctype
Publications & Research
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1016/978-1-4648-1564-5
okr.identifier.doi
10.1596/978-1-4648-1564-5
okr.identifier.report
147505
okr.language.supported
en
okr.region.administrative
Europe and Central Asia
okr.region.geographical
Central Asia
okr.region.geographical
Europe
okr.region.geographical
Europe and Central Asia
okr.topic
Macroeconomics and Economic Growth :: Economic Conditions and Volatility
okr.topic
Macroeconomics and Economic Growth :: Economic Growth
okr.topic
Macroeconomics and Economic Growth :: Fiscal & Monetary Policy
okr.topic
Social Protections and Labor :: Labor Markets
okr.unit
ECACE

Show simple item record



This item appears in the following Collection(s)