In Asia and the Pacific government and private companies are using digital platforms to address the pandemic. They should also use them to speed their economies into recovery.
Prior to joining the ADB, he was senior economist and at the Department of Treasury and Finance in Australia, and an Economist at the World Bank Office in Manila. His areas of research include macroeconomic surveillance, early warning systems, and regional economic Integration. Mr. Villafuerte obtained his master’s and bachelor’s degrees in economics from the University of the Philippines. He has also completed training on general equilibrium analysis and global trade analysis.
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To mitigate the damage, governments should focus on containing the pandemic, helping families and supporting businesses
Наше исследование показывает, что мировая экономика может потерять более $100 млрд в денежных переводах. Правительства должны действовать быстро, чтобы защитить наиболее уязвимые слои общества от потери жизненно важных доходов.
Our research indicates that the global economy could lose more than $100 billion in remittances. Governments need to act fast to protect the most vulnerable in society from this loss of vital income.