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Economic Focus: Unprecedented Shocks Rattle South Asia, Exacerbating Challenges and Dampening Growth
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Beset with Sri Lanka’s economic crisis, Pakistan’s catastrophic floods, a global slowdown, and impacts of the war in Ukraine, South Asia faces an unprecedented combination of shocks on top of the lingering scars of the COVID-19 pandemic. Growth in the region is dampening, underscoring the need for countries to build resilience. The latest South Asia Economic Focus, Coping with Shocks: Migration and the Road to Resilience, projects regional growth to average 5.8 percent this year - a downward revision of 1 percentage point from the forecast made in June. Learn more: http://wrld.bg/Hmby50LesR7 00:00 A region in shock: Economic outlook 00:39 How are South Asian countries coping? 01:30 Migration and the road to resilience 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
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2022-10-18T16:29:52Z
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Beset with Sri Lanka’s economic crisis, Pakistan’s catastrophic floods, a global slowdown, and impacts of the war in Ukraine, South Asia faces an unprecedented combination of shocks on top of the lingering scars of the COVID-19 pandemic. Growth in the region is dampening, underscoring the need for countries to build resilience. The latest South Asia Economic Focus, Coping with Shocks: Migration and the Road to Resilience, projects regional growth to average 5.8 percent this year - a downward revision of 1 percentage point from the forecast made in June.
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