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Braving the Storms: East Asia and Pacific Economic Update, April 2022

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Just as the East Asia and Pacific (EAP) region was weathering recurrent COVID storms, 3 new clouds have gathered over the economic horizon: financial tightening in the U.S., structural slowdown in China, and the war in Ukraine. These difficulties should not, however, obscure the new avenues for growth in the region through trade and innovation. The April 2022 issue of the World Bank¡¯s EAP Economic Update suggests bold reforms to avert the risks and grasp the opportunities.



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COVID-19¨CRELATED POLICY ISSUES EXAMINED IN RECENT ECONOMIC UPDATES 

Previous updates have focused on a number of other policy issues, including:

(1)  to contain COVID-19;
(2)  for relief, recovery, and growth;
(3)  to build back better;
(4)  of COVID-19, especially through non-pharmaceutical interventions like testing-tracing-isolation;
(5)  to prevent long-term losses of human capital, especially for the poor;
(6)  to help households smooth consumption and workers reintegrate as countries recover;
(7)  to prevent bankruptcies and unemployment, without unduly inhibiting the efficient reallocation of workers and resources;
(8)  to support relief and recovery without undermining financial stability; and
(9) , especially of still-protected services sectors¡ªfinance, transport, communications¡ªto enhance firm productivity, avert pressures to protect other sectors, and equip people to take advantage of the digital opportunities whose emergence the pandemic is accelerating.
(10) creating and to promote equitable growth.


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