Publication: Papua New Guinea Economic Update, January 2021: Dealing with a Triple Crisis
Date
2021-01-31
ISSN
Published
2021-01-31
Author(s)
World Bank
Abstract
In 2020, Papua New Guinea faced three
crises: the COVID-19 health emergency, an economic
contraction, and political turmoil. The economy contracted
by 3.8 percent in 2020 and will rebound by 3.5 percent in
2021. Considering that the economy entered the COVID-19
crisis with a poor record of resilience to external shocks,
strengthening macroeconomic management and accelerating
structural reforms will be vital. Strengthening public
institutions that deliver basic public services, especially
during crises, is also important.
Link to Data Set
Citation
“World Bank. 2021. Papua New Guinea Economic Update, January 2021: Dealing with a Triple Crisis. © World Bank, Washington, DC. http://hdl.handle.net/10986/35194 License: CC BY 3.0 IGO.”