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.
As the pandemic embedded “digitalization” into our daily lives, the digital sector suffered along with other aspects of the economy. The rise of the digital economy has made defining and measuring it imperative for policymaking.
These charts illustrate the strong momentum of Asia’s trade growth during 2021, showing its resilience amid continuing uncertainties around the pandemic and a potential slowdown in the pace of global economic recovery.
Interest rate hikes in the United States would exert significant impacts on Asian economies through trade, exchange rates, and financial markets.
Tax revenue can be raised in a fair and reasonable way to provide much-needed public services and support the poor and disadvantaged still reeling from the pandemic.
A range of factors have helped Asia’s supply chains weather the pandemic better than those in other parts of the world. Vigilance is needed to maintain these vital trade links.