Mongolia’s economic growth to accelerate to over 5 percent in 2021-22, World Bank report finds
COVID-19 has delivered a triple shock to the developing East Asia and Pacific (EAP) region: the pandemic itself, the economic impact of containment measures, and reverberations from the global recession brought on by the crisis. Swift action will be needed to ensure that the pandemic does not hamper growth and increase poverty for years to come, according to From Containment to Recovery, the World Bank’s October 2020 Economic Update for East Asia and the Pacific.
1703日