South Asia Economic Focus, Spring 2021 : South Asia Vaccinates

South Asia region’s economies are beginning to recover, though unevenly: economic activity in industry and export sectors have recovered to pre-COVID levels but some labor-intensive services sectors and tourism have not. Inequality has worsened on many dimensions. The process of vaccinating South As...

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Main Author: World Bank
Format: Serial
Published: Washington, DC: World Bank 2021
Subjects:
Online Access:https://documents.worldbank.org/en/publication/documents-reports/documentdetail/933841617257436532/south-asia-economic-focus-spring-2021-south-asia-vaccinates
http://hdl.handle.net/10986/35274
id okr-10986-35274
recordtype oai_dc
spelling okr-10986-352742021-04-23T14:02:19Z South Asia Economic Focus, Spring 2021 : South Asia Vaccinates World Bank ECONOMIC GROWTH ECONOMIC POLICY ECONOMIC RISKS EXTERNAL SECTOR FISCAL TRENDS FISCAL POLICY INFLATION INVESTMENT ECONOMIC OUTLOOK TRADE CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE South Asia region’s economies are beginning to recover, though unevenly: economic activity in industry and export sectors have recovered to pre-COVID levels but some labor-intensive services sectors and tourism have not. Inequality has worsened on many dimensions. The process of vaccinating South Asia’s population is underway, with India taking a leading role in production. The socioeconomic benefits of vaccinating most South Asians as soon as possible outweighs the cost by multiple times, and thus justifies having public sector financing. Cracks in the primary health care system became evident since the pandemic began, and the vaccine rollout is likely to have other additional challenges such as delays in production, bottlenecks in supply chain logistics and vaccine hesitancy from some groups (which could delay the process of herd immunity). There are also tradeoffs in the priorities that should be established in deciding who gets the vaccine first. 2021-03-16T15:43:29Z 2021-03-16T15:43:29Z 2021-03-31 Serial https://documents.worldbank.org/en/publication/documents-reports/documentdetail/933841617257436532/south-asia-economic-focus-spring-2021-south-asia-vaccinates 978-1-4648-1700-7 http://hdl.handle.net/10986/35274 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research Publications & Research :: Publication South Asia South Asia
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
topic ECONOMIC GROWTH
ECONOMIC POLICY
ECONOMIC RISKS
EXTERNAL SECTOR
FISCAL TRENDS
FISCAL POLICY
INFLATION
INVESTMENT
ECONOMIC OUTLOOK
TRADE
CORONAVIRUS
COVID-19
PANDEMIC IMPACT
PANDEMIC RESPONSE
spellingShingle ECONOMIC GROWTH
ECONOMIC POLICY
ECONOMIC RISKS
EXTERNAL SECTOR
FISCAL TRENDS
FISCAL POLICY
INFLATION
INVESTMENT
ECONOMIC OUTLOOK
TRADE
CORONAVIRUS
COVID-19
PANDEMIC IMPACT
PANDEMIC RESPONSE
World Bank
South Asia Economic Focus, Spring 2021 : South Asia Vaccinates
geographic_facet South Asia
South Asia
description South Asia region’s economies are beginning to recover, though unevenly: economic activity in industry and export sectors have recovered to pre-COVID levels but some labor-intensive services sectors and tourism have not. Inequality has worsened on many dimensions. The process of vaccinating South Asia’s population is underway, with India taking a leading role in production. The socioeconomic benefits of vaccinating most South Asians as soon as possible outweighs the cost by multiple times, and thus justifies having public sector financing. Cracks in the primary health care system became evident since the pandemic began, and the vaccine rollout is likely to have other additional challenges such as delays in production, bottlenecks in supply chain logistics and vaccine hesitancy from some groups (which could delay the process of herd immunity). There are also tradeoffs in the priorities that should be established in deciding who gets the vaccine first.
format Serial
author World Bank
author_facet World Bank
author_sort World Bank
title South Asia Economic Focus, Spring 2021 : South Asia Vaccinates
title_short South Asia Economic Focus, Spring 2021 : South Asia Vaccinates
title_full South Asia Economic Focus, Spring 2021 : South Asia Vaccinates
title_fullStr South Asia Economic Focus, Spring 2021 : South Asia Vaccinates
title_full_unstemmed South Asia Economic Focus, Spring 2021 : South Asia Vaccinates
title_sort south asia economic focus, spring 2021 : south asia vaccinates
publisher Washington, DC: World Bank
publishDate 2021
url https://documents.worldbank.org/en/publication/documents-reports/documentdetail/933841617257436532/south-asia-economic-focus-spring-2021-south-asia-vaccinates
http://hdl.handle.net/10986/35274
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