Prospects of an economic rebound in South Asia are firming up as growth is set to increase by 7.2 percent in 2021 and 4.4 percent in 2022, but growth is uneven and economic activity well below pre-COVID-19 estimates. The economic benefits of vaccination are huge: The current vaccination campaign in South Asia will prevent a cumulated 10 percent GDP loss in the year 2022 and beyond, at the cost of up to 0.55% of GDP in the region.
Scooped by
Graham Watson
onto International Economics: IB Economics April 1, 2021 6:20 AM
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This World Bank clip looks at the difficulties facing South Asian economies in the wake of the coronavirus pandemic, noting that vaccines are the key to recovery, but also highlighting the fact that a lack of tax revenues are going to mean that there is going to be a struggle to fund education and healthcare appropriately in the next few years.