The right policies can bring a new golden age of innovation for developing countries in Asia.
The pandemic has highlighted the shortcomings of the globalized supply chain model.
Governments in Asia and the Pacific must think about two things when restarting their economies: when to do it and how.
Bold action is required by policymakers and central bankers to keep the region’s economies afloat and contain the pandemic.
These charts illustrate how Asian and global stock markets reacted to the COVID-19 pandemic, with market reaction closely following local outbreaks and then moving in unison with global markets amid other shocks.
With timely and well-targeted programs, policy makers can prevent the health crisis from deepening into a wider economic and financial crisis. This could sow the seeds of economic recovery.
Many workers will be displaced and many businesses will close as a result of the slowdown caused by COVID-19. Providing support to those affected gives them a fighting chance.
Asia’s economies have generally maintained sound macroeconomic policies that can help the region withstand this latest challenge and emerge even stronger.
A high level of external debt is linked with decreased economic growth but there are policy options that can help economies keep growing.
Southeast Asian economies are starting to feel the pinch of trade tensions, recession fears and other global trends.