The pandemic erased millions of jobs in Southeast Asia. But the digital economy offers renewed hope particularly for young job-seekers—if they can learn the necessary skills.
ADB economists Irfan A. Qureshi and Matteo Lanzafame answer questions about the ability of Asia’s economies to bounce back from the pandemic, and how governments should respond to new global economic headwinds.
An ADB economist who specializes in the areas of education, skills development and jobs, answers questions about which jobs are best suited to work-from-home arrangements, based on a recent study in Southeast Asia.
Tourism has yet to recover in Asia and the Pacific, but a few green shoots can help us understand how best to heal the sector.
The pandemic-driven surge in data collection offers major opportunities, and some risks, for the reopening of tourism in the region.
In Southeast Asia, women workers were disproportionately affected by the pandemic. Urgent policy action is needed to address the issue and improve the welfare of women in other areas as well.
To benefit from the demand for Asian exports, rapid and widespread vaccination – particularly in light of the Omicron variant – is needed to stop the divergence in economic recovery paths among Asia’s economies.
The massive Regional Comprehensive Economic Partnership (RCEP) agreement is expected to go into force in 2022. It could be instrumental in helping Asian economies bounce back from the pandemic.
With the right policies in the sustainable finance market, Southeast Asian governments can add momentum to the region’s post-pandemic recovery and improve lives through the achievement of the Sustainable Development Goals.
Just as past crises triggered international and regional financial cooperation, the pandemic offers an opportunity to collectively improve financial resilience and soundness.