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Papua New Guinea Economic Update, January 2021 : Dealing with a Triple Crisis.
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:
- Economic Updates and Modeling.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Business Cycles and Stabilization Policies.
- Disease Control and Prevention.
- Economic Growth.
- Fiscal and Monetary Policy.
- Health, Nutrition and Population.
- Macroeconomics and Economic Growth.
- Monetary Policy.
- Poverty Reduction.
- Public Sector Development.
- Public Sector Management and Reform.
- Public Service Delivery.
- Local Subjects:
- Business Cycles and Stabilization Policies.
- Disease Control and Prevention.
- Economic Growth.
- Fiscal and Monetary Policy.
- Health, Nutrition and Population.
- Macroeconomics and Economic Growth.
- Monetary Policy.
- Poverty Reduction.
- Public Sector Development.
- Public Sector Management and Reform.
- Public Service Delivery.
- Other Title:
- Papua New Guinea Economic Update, January 2021
- Place of Publication:
- Washington, D.C. : The World Bank, 2021.
- System Details:
- data file
- Summary:
- 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.
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