日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

World Bank predicts economic slowdown amid outbreak

By Chen Jia | chinadaily.com.cn | Updated: 2020-03-31 10:44
Share
Share - WeChat
A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, Oct 12, 2018. [Photo/Agencies]

The World Bank forecasted slower economic growth in the East Asia and Pacific region hit by the novel coronavirus, in face of the prospect of a global financial shock and recession, according to a report released on Tuesday.

China's economic growth is projected to decline to 2.3 percent in the baseline scenario, and 0.1 percent in the lower case scenario in 2020, down from 6.1 percent in 2019, according to the World Bank's updated economic report for the East Asia and Pacific region.

Growth in the region is projected to slow to 2.1 percent in the baseline forecast, and to negative 0.5 percent in the lower case scenario this year, from an estimated 5.8 percent in 2019. Containment of the epidemic would allow for sustained recovery in the region, although risks to the outlook from financial market stress would remain high, the report showed.

The World Bank called on developing countries in the East Asia and Pacific region to take action immediately, including urgent investments in healthcare capacity and targeted fiscal measures, to mitigate some of the impact of the outbreak.

The report also called for international cooperation and new cross-border public-private partnerships to ramp up production and supply of key medical supplies and services in the face of the pandemic, and ensure financial stability in the aftermath.

Trade policy should stay open so medical and other supplies are available to all countries, as well as facilitate the region's rapid economic recovery, it said.

"Countries in East Asia and the Pacific that were already coping with international trade tensions and the repercussions of the spread of COVID-19 in China are now faced with a global shock," said Victoria Kwakwa, Vice President for East Asia and the Pacific at the World Bank.

"The good news is that the region has strengths it can tap, but countries will have to act fast and at a scale not previously imagined," said Kwakwa.

Another policy recommendation is easing credit to help households smooth their consumption and help firms survive the immediate shock, the report said.

The World Bank Group is rolling out a $14 billion fast-track package to strengthen COVID-19 response in developing countries and shorten recovery time. The immediate response includes financing, policy advice and technical assistance to help countries cope with health and economic impacts of the outbreak.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 国99久9在线 | 免费 | 久久精品中文 | 精品久久久久久久久久久 | 不卡一区二区三区四区 | 日韩亚洲视频 | 国产欧美精品一区二区三区 | 国产亚洲久 | 国产成人亚洲综合a∨婷婷 91亚洲精品一区二区福利 | 久久天天拍天天爱天天躁 | 99av涩导航| 男人与女人做爰毛片A片 | 国产第113页| 亚洲成人在线网 | 在线播放国产精品 | 精品在线观看 | 成人国产mv免费视频 | 国产色婷婷精品综合在线观看 | 精品欧美亚洲韩国日本久久 | 欧美成人免费午夜全 | 天天噜日日噜夜夜噜 | a爱片 | 国产综合视频在线观看 | 国产亚洲精品久久精品录音 | 日韩亚洲一区二区三区 | 久草精品视频 | 青娱乐在线视频观看 | 国产精品视频在线观看 | 国产日韩一区 | 成人免费毛片在线观看 | 亚洲欧美不卡 | 久久综合亚洲一区二区三区 | 国产美女一区二区 | 国产精品成人在线 | 五月婷亚洲| 亚洲欧美视频 | 夜夜艹| 成人福利在线看 | 视频一区在线观看 | 精品视频久久 | 久久九九综合 | 另类视频在线观看 |