South Asia

Amid increasing uncertainty in the global economy, South Asia’s growth prospects have dimmed. Raising domestic revenue could help the region strengthen fragile fiscal positions and increase resilience against future shocks. Targeted reforms to open trade, modernize agricultural sectors, and boost private sector dynamism are needed to unlock faster growth and job creation.

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South Asia At-A-Glance

Prospects of an economic rebound in South Asia are firming up as growth is set to increase by 7.1 percent in 2021 and in 2022, but growth is uneven and economic activity well below pre-COVID-19 estimates.

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