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World Bank East Asia and Pacific Economic Update, October 2020

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Abstract

COVID-19 has delivered a triple shock to the developing East Asia and Pacific (EAP) region: the pandemic itself, the economic impact of containment measures, and reverberations from the global recession. Without action on multiple fronts, the pandemic could reduce regional growth over the next decade by 1 percentage point per year, with the greatest impacts being felt by poor households, because of lower levels of access to healthcare, education, jobs, and finance. Why were many economies in the region able to contain the disease while some others still struggle? How have these shocks affected economic activity and poverty in different countries? What are the prospects for recovery and how will longer term growth be affected across the region? Is there a tension between containing the disease and providing relief today and promoting recovery and growth tomorrow? These key questions are addressed in the World Bank’s October 2020 EAP Economic Update.

Suggested Citation

  • World Bank, 2020. "World Bank East Asia and Pacific Economic Update, October 2020," World Bank Publications - Reports 34497, The World Bank Group.
    • Handle: RePEc:wbk:wboper:34497
    Note: ISBN 978-1-4648-1641-3
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    File URL: https://openknowledge.worldbank.org/bitstreams/e3cbddd3-9248-5c45-ac5d-34f9721f0ba1/download
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    References listed on IDEAS

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    1. World Bank, 2020. "Global Economic Prospects, January 2020," World Bank Publications - Books, The World Bank Group, number 33044, October.
    2. World Bank, 2020. "Global Economic Prospects, June 2020," World Bank Publications - Books, The World Bank Group, number 33748, October.
    3. Norman V. Loayza, 2020. "Costs and Trade-Offs in the Fight Against the COVID-19 Pandemic," World Bank Publications - Reports 33764, The World Bank Group.
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    Cited by:

    1. Kasyanenko,Sergiy & Kenworthy,Philip George & Kilic Celik,Sinem & Ruch,Franz Ulrich & Vashakmadze,Ekaterine T. & Wheeler,Collette Mari, 2023. "The Past and Future of RegionalPotential Growth : Hopes, Fears, and Realities," Policy Research Working Paper Series 10368, The World Bank.
    2. Hinz, Julian & Kamin, Katrin & Kutsch, Jakob & Mahlkow, Hendrik & Stamer, Vincent, 2020. "Datenmonitor global - Wie die Corona-Krise die Länder des globalen Südens trifft," Open Access Publications from Kiel Institute for the World Economy 314945, Kiel Institute for the World Economy.

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