Timor-Leste Economic Report, April 2020 : A Nation Under Pressure
Economic activity is expected to contract in 2020, owing to political uncertainty and the impact of the novel coronavirus (COVID-19). Despite a return to economic growth in 2019, failure to approve a state budget for 2020, renewed political uncertainty, and the global COVID-19 outbreak have all...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2020
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/960951589466425449/Timor-Leste-Economic-Report-A-Nation-Under-Pressure http://hdl.handle.net/10986/33749 |
| id |
okr-10986-33749 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-337492021-09-16T18:55:41Z Timor-Leste Economic Report, April 2020 : A Nation Under Pressure World Bank Group ECONOMIC GROWTH ECONOMIC OUTLOOK FISCAL TRENDS MONETARY POLICY EXTERNAL SECTOR RISKS CORONAVIRUS COVID-19 PANDEMIC HEALTH CRISIS PANDEMIC RESPONSE PRIVATE SECTOR DEVELOPMENT Economic activity is expected to contract in 2020, owing to political uncertainty and the impact of the novel coronavirus (COVID-19). Despite a return to economic growth in 2019, failure to approve a state budget for 2020, renewed political uncertainty, and the global COVID-19 outbreak have all considerably weighed down prospects for 2020. In addition, recent heavy rains caused floods that affected thousands of people and many businesses. Given these mutually reinforcing negative effects, the GDP growth forecast for 2020 has been lowered from 4.6 percent (as projected in the October 2019 report) to -4.8 percent. However, this projection is still subject to much uncertainty. In particular, the economic impacts of COVID-19 will largely depend on the direct impact of the virus, the scope and duration of the public health measures adopted, as well as the economic policy response. The Special Focus discusses some of the economic transmission channels and puts forward a set of policy interventions that may help cushion the impact on businesses and people’s livelihoods. 2020-05-14T18:23:57Z 2020-05-14T18:23:57Z 2020-04 Report http://documents.worldbank.org/curated/en/960951589466425449/Timor-Leste-Economic-Report-A-Nation-Under-Pressure http://hdl.handle.net/10986/33749 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling East Asia and Pacific Timor-Leste |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ECONOMIC GROWTH ECONOMIC OUTLOOK FISCAL TRENDS MONETARY POLICY EXTERNAL SECTOR RISKS CORONAVIRUS COVID-19 PANDEMIC HEALTH CRISIS PANDEMIC RESPONSE PRIVATE SECTOR DEVELOPMENT |
| spellingShingle |
ECONOMIC GROWTH ECONOMIC OUTLOOK FISCAL TRENDS MONETARY POLICY EXTERNAL SECTOR RISKS CORONAVIRUS COVID-19 PANDEMIC HEALTH CRISIS PANDEMIC RESPONSE PRIVATE SECTOR DEVELOPMENT World Bank Group Timor-Leste Economic Report, April 2020 : A Nation Under Pressure |
| geographic_facet |
East Asia and Pacific Timor-Leste |
| description |
Economic activity is expected to contract in 2020, owing to
political uncertainty and the impact of the novel coronavirus
(COVID-19). Despite a return to economic growth in 2019, failure
to approve a state budget for 2020, renewed political uncertainty,
and the global COVID-19 outbreak have all considerably weighed
down prospects for 2020. In addition, recent heavy rains caused
floods that affected thousands of people and many businesses.
Given these mutually reinforcing negative effects, the GDP growth
forecast for 2020 has been lowered from 4.6 percent (as projected in
the October 2019 report) to -4.8 percent. However, this projection is
still subject to much uncertainty. In particular, the economic impacts
of COVID-19 will largely depend on the direct impact of the virus, the
scope and duration of the public health measures adopted, as well as
the economic policy response. The Special Focus discusses some of
the economic transmission channels and puts forward a set of policy
interventions that may help cushion the impact on businesses and
people’s livelihoods. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Timor-Leste Economic Report, April 2020 : A Nation Under Pressure |
| title_short |
Timor-Leste Economic Report, April 2020 : A Nation Under Pressure |
| title_full |
Timor-Leste Economic Report, April 2020 : A Nation Under Pressure |
| title_fullStr |
Timor-Leste Economic Report, April 2020 : A Nation Under Pressure |
| title_full_unstemmed |
Timor-Leste Economic Report, April 2020 : A Nation Under Pressure |
| title_sort |
timor-leste economic report, april 2020 : a nation under pressure |
| publisher |
World Bank, Washington, DC |
| publishDate |
2020 |
| url |
http://documents.worldbank.org/curated/en/960951589466425449/Timor-Leste-Economic-Report-A-Nation-Under-Pressure http://hdl.handle.net/10986/33749 |
| _version_ |
1764479434465738752 |