South Asia Economic Update October, 2020

South Asia Economic Update October, 2020
Author :
Publisher : World Bank Publications
Total Pages : 134
Release :
ISBN-10 : 9781464816406
ISBN-13 : 1464816409
Rating : 4/5 (06 Downloads)

Book Synopsis South Asia Economic Update October, 2020 by : World Bank

Download or read book South Asia Economic Update October, 2020 written by World Bank and published by World Bank Publications. This book was released on 2020-10-08 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic, which is still impacting South Asia, has temporarily brought the region to a near standstill. Governments proactively stabilized activity through monetary easing, fiscal stimulus, and supportive financial regulation, but the situation is fragile amid weak buffers and exhausted policy tools. South Asia’s GDP is expected to contract 7.7 percent this year, by far the largest decline on record, but uncertainty around the forecast is substantial. The informal economy in South Asia has been hit hard. Many unorganized workers, self-employed people and microenterprises have experienced a large drop in earnings as the service sectors that were affected most by the lockdowns are dominated by informality. Informal workers and firms tend to have inadequate mechanisms for coping with short-term demand and supply interruptions due to limited savings and constrained access to finance. While the poor have suffered severely during the crisis, many informal workers in the middle of the income distribution have experienced the greatest drop in earnings. Most of them are not covered by social insurance. The crisis lays bare complicated structural problems in the informal sector that need to be addressed.


South Asia Economic Update October, 2020 Related Books

South Asia Economic Update October, 2020
Language: en
Pages: 134
Authors: World Bank
Categories: Business & Economics
Type: BOOK - Published: 2020-10-08 - Publisher: World Bank Publications

DOWNLOAD EBOOK

The COVID-19 pandemic, which is still impacting South Asia, has temporarily brought the region to a near standstill. Governments proactively stabilized activity
South Asia Economic Focus
Language: en
Pages: 112
Authors: World Bank
Categories: Business & Economics
Type: BOOK - Published: 2020-04-11 - Publisher: World Bank Publications

DOWNLOAD EBOOK

The South Asia Economic Focus is a biannual economic update presenting recent economic developments and a near term economic outlook for South Asia. It includes
South Asia Economic Focus
Language: en
Pages: 78
Authors: World Bank
Categories: Business & Economics
Type: BOOK - Published: 2018-10-07 - Publisher: World Bank Publications

DOWNLOAD EBOOK

The South Asia Economic Focus is a biannual economic update presenting recent economic developments and a near term economic outlook for South Asia. It includes
South Asia Economic Focus
Language: en
Pages: 88
Authors: World Bank
Categories: Business & Economics
Type: BOOK - Published: 2019-10-12 - Publisher: World Bank Publications

DOWNLOAD EBOOK

The South Asia Economic Focus is a biannual economic update presenting recent economic developments and a near term economic outlook for South Asia. It includes
South Asia Economic Focus
Language: en
Pages: 98
Authors: World Bank
Categories: Business & Economics
Type: BOOK - Published: 2019-04-07 - Publisher: World Bank Publications

DOWNLOAD EBOOK

The South Asia Economic Focus is a biannual economic update presenting recent economic developments and a near term economic outlook for South Asia. It includes