South Asia Economic Focus: A Slower Growth As War in Ukraine Impedes Recovery From the Pandemic

videoType

you-tube

videoUrl

0bY6g-LSPzU

keyFrameImage

showAllTimestamps

no

showAllTranscripts

no

duration

111

title

South Asia Economic Focus: A Slower Growth As War in Ukraine Impedes Recovery From the Pandemic

description

The uneven recovery from the pandemic has left countries in South Asia with multiple policy challenges, exacerbated by the impact of the war in Ukraine. While several countries are navigating rising inflation and growing difficulties to finance fiscal deficits and trade deficits, the region must also chart a new way forward to address rising inequality, accommodate an energy transition, and unleash new growth potential. To reshape their economies, the region cannot avoid redesigning tax systems, increasing competition, and challenging vested interests and existing gender norms. This issue of the South Asia Economic Focus, describes recent economic developments, analyzes the economic impact on South Asia of the war in Ukraine, presents growth forecasts, provides risk scenarios, and concludes that reshaping economies goes hand in hand with reshaping norms. Learn more: https://www.worldbank.org/en/region/sar/publication/south-asia-economic-focus?cid=ECR_YT_Worldbank_EN_EXT 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

showTimestampAndTranscript

yes

lastUploadedDate

2022-04-13T19:52:41Z