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South Asian Economies Bounce Back but Face Fragile Recovery from COVID-19 - The Key in Vaccination
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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. Learn more by downloading the report South Asia Economic Focus: South Asia Vaccinates https://www.worldbank.org/en/region/sar/publication/south-asia-vaccinates-south-asia-economic-focus-spring-2021 ABOUT THE WORLD BANK GROUP 🌐 The World Bank Group is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. http://www.worldbank.org FOLLOW US ► ► ► YouTube: http://wrld.bg/x4SB50x47Lu Facebook: http://www.facebook.com/worldbank Twitter: http://www.twitter.com/worldbank Instagram: http://www.instagram.com/worldbank LinkedIn: https://www.linkedin.com/company/the-world-bank/ Events: http://live.worldbank.org Immersive Stories: https://www.worldbank.org/en/who-we-are/news/biggerpicture Newsletter: https://www.worldbank.org/en/newsletter-subscription
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137
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2021-03-31T18:49:53Z
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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.
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