The coronavirus pandemic has triggered the deepest global recession in decades in Asia. For the first time in living memory, growth is expected to contract by 1.6 percent, the IMF said in its latest economic assessment of the region.
While Asia is predicted to rebound strongly in 2021, Asia’s economic output in 2022 is projected to be about 5 percent lower compared with the level predicted prior to the outbreak.
In this webinar, the speaker will discuss the far-reaching public health and economic implications of COVID-19 on Asia and consider how governments might successfully support an economic recovery.
The speaker will explore policy measures the region could take to address inequalities, reallocate resources appropriately, support bank lending to smaller firms and ensure the flow of credit to households and business.
Participants
Changyong Rhee, Director, Asia and Pacific Department, International Monetary Fund
Chair: Vasuki Shastry, Associate Fellow, Asia-Pacific Programme
