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East Asia and Pacific Economic Update, October 2021 : Long COVID.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- World Bank Group.
- Series:
- World Bank e-Library.
- World Bank East Asia and Pacific Economic Update
- Language:
- English
- Subjects (All):
- Debt.
- Digital Finance.
- Fiscal Buffer.
- Growth.
- Inrastructure.
- Undernutrition.
- Local Subjects:
- Debt.
- Digital Finance.
- Fiscal Buffer.
- Growth.
- Inrastructure.
- Undernutrition.
- Physical Description:
- 1 online resource (50 pages)
- Other Title:
- East Asia and Pacific Economic Update, October 2021
- Place of Publication:
- Washington, D.C. : The World Bank, 2021.
- System Details:
- data file
- Summary:
- Long COVID: Scars and Opportunity. The title of this report has two meanings. First, that the disease will leave in its wake a durably damaged economy. Second, that the disease is not leaving any time soon and may be here to stay. This duality reflects the two themes of this Update. In the near time, the persistence of the pandemic will prolong human and economic distress unless individuals and firms can adapt. In the longer-term, COVID-19 will reduce growth and increase inequality unless we can remedy the scars and grasp the opportunities created by the pandemic. Accordingly, policy action must help economic agents not just to adjust today but also to make choices that avert economic sluggishness and disparity tomorrow. We begin by addressing three proximate questions: What is happening to the economies? Why? And what can we expect? We then discuss the longer-term impact of COVID-19, on growth through the impact on firms and on inequality through the impact on households.
- Notes:
- Description based on print version record.
- ISBN:
- 1-4648-1799-5
- Publisher Number:
- 10.1596/978-1-4648-1799-1
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