Mongolia Economic Update, February 2021 : From Relief to Recovery

Strict implementation of social distancing, mobility restrictions, and quarantine measures have helped Mongolia contain the worst health effects of the Coronavirus (COVID-19) pandemic, though the country remains in the midst of a significant outbre...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Ulaanbaatar 2021
Subjects:	ECONOMIC GROWTH ECONOMIC OUTLOOK CORONAVIRUS COVID-19 PANDEMIC IMPACT ECONOMIC SHOCK LABOR MARKET FISCAL TRENDS CURRENT ACCOUNT MONETARY POLICY EMPLOYMENT POVERTY POLICY RESPONSE PANDEMIC RESPONSE
Online Access:	http://documents.worldbank.org/curated/en/158131612895925383/Mongolia-Economic-Update-From-Relief-to-Recovery http://hdl.handle.net/10986/35161

id	okr-10986-35161
recordtype	oai_dc
spelling	okr-10986-351612021-04-23T14:02:17Z Mongolia Economic Update, February 2021 : From Relief to Recovery World Bank ECONOMIC GROWTH ECONOMIC OUTLOOK CORONAVIRUS COVID-19 PANDEMIC IMPACT ECONOMIC SHOCK LABOR MARKET FISCAL TRENDS CURRENT ACCOUNT MONETARY POLICY EMPLOYMENT POVERTY POLICY RESPONSE PANDEMIC RESPONSE Strict implementation of social distancing, mobility restrictions, and quarantine measures have helped Mongolia contain the worst health effects of the Coronavirus (COVID-19) pandemic, though the country remains in the midst of a significant outbreak. The economic impact of the Coronavirus (COVID-19) pandemic has been severe and widespread. The Coronavirus (COVID-19) shock also affected the structure and conditions of the labor market. Mongolia, like other countries, will need to transition from policies focused on short-term economic relief to accelerating recovery and building resilience. The challenge Mongolia faces in this regard is that the fiscal space to continue the generous support policies enacted during 2020 is quite limited, while their rapid withdrawal as long as the economy remains weakened by public-health-related mobility restrictions could create significant difficulties for households and firms. Another priority is to prevent the Coronavirus (COVID-19) shock from undermining financial stability. Finally, Mongolia should adopt an integrated and fiscally sustainable approach to boosting medium-term economic prospects and job creation. 2021-02-22T22:11:53Z 2021-02-22T22:11:53Z 2021-02 Report http://documents.worldbank.org/curated/en/158131612895925383/Mongolia-Economic-Update-From-Relief-to-Recovery http://hdl.handle.net/10986/35161 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Ulaanbaatar Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling
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 CORONAVIRUS COVID-19 PANDEMIC IMPACT ECONOMIC SHOCK LABOR MARKET FISCAL TRENDS CURRENT ACCOUNT MONETARY POLICY EMPLOYMENT POVERTY POLICY RESPONSE PANDEMIC RESPONSE
spellingShingle	ECONOMIC GROWTH ECONOMIC OUTLOOK CORONAVIRUS COVID-19 PANDEMIC IMPACT ECONOMIC SHOCK LABOR MARKET FISCAL TRENDS CURRENT ACCOUNT MONETARY POLICY EMPLOYMENT POVERTY POLICY RESPONSE PANDEMIC RESPONSE World Bank Mongolia Economic Update, February 2021 : From Relief to Recovery
description	Strict implementation of social distancing, mobility restrictions, and quarantine measures have helped Mongolia contain the worst health effects of the Coronavirus (COVID-19) pandemic, though the country remains in the midst of a significant outbreak. The economic impact of the Coronavirus (COVID-19) pandemic has been severe and widespread. The Coronavirus (COVID-19) shock also affected the structure and conditions of the labor market. Mongolia, like other countries, will need to transition from policies focused on short-term economic relief to accelerating recovery and building resilience. The challenge Mongolia faces in this regard is that the fiscal space to continue the generous support policies enacted during 2020 is quite limited, while their rapid withdrawal as long as the economy remains weakened by public-health-related mobility restrictions could create significant difficulties for households and firms. Another priority is to prevent the Coronavirus (COVID-19) shock from undermining financial stability. Finally, Mongolia should adopt an integrated and fiscally sustainable approach to boosting medium-term economic prospects and job creation.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Mongolia Economic Update, February 2021 : From Relief to Recovery
title_short	Mongolia Economic Update, February 2021 : From Relief to Recovery
title_full	Mongolia Economic Update, February 2021 : From Relief to Recovery
title_fullStr	Mongolia Economic Update, February 2021 : From Relief to Recovery
title_full_unstemmed	Mongolia Economic Update, February 2021 : From Relief to Recovery
title_sort	mongolia economic update, february 2021 : from relief to recovery
publisher	World Bank, Ulaanbaatar
publishDate	2021
url	http://documents.worldbank.org/curated/en/158131612895925383/Mongolia-Economic-Update-From-Relief-to-Recovery http://hdl.handle.net/10986/35161
_version_	1764482453325479936

Mongolia Economic Update, February 2021 : From Relief to Recovery

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