From Double Shock to Double Recovery : Implications and Options for Health Financing in the Time of COVID-19

Volume 2 updates the analyses presented in the original discussion paper, Volume 1, “From Double Shock to Double Recovery – Implications and Options for Health Financing in the Time of COVID-19,” published in March 2021. The original paper used macroeconomic projections released by the International...

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Main Authors:	Kurowski, Christoph, Evans, David B, Tandon, Ajay, Eozenou, Patrick Hoang-Vu, Schmidt, Martin, Irwin, Alec, Salcedo Cain, Jewelwayne, Pambudi, Eko Setyo, Postolovska, Iryna
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	CORONAVIRUS COVID-19 HEALTH FINANCING EQUITY ECONOMIC SHOCK PANDEMIC IMPACT PANDEMIC RESPONSE
Online Access:	http://documents.worldbank.org/curated/en/670721616095085493/From-Double-Shock-to-Double-Recovery-Implications-and-Options-for-Health-Financing-in-The-Time-of-COVID-19 http://hdl.handle.net/10986/35298

id	okr-10986-35298
recordtype	oai_dc
spelling	okr-10986-352982021-10-21T12:18:51Z From Double Shock to Double Recovery : Implications and Options for Health Financing in the Time of COVID-19 Kurowski, Christoph Evans, David B Tandon, Ajay Eozenou, Patrick Hoang-Vu Schmidt, Martin Irwin, Alec Salcedo Cain, Jewelwayne Pambudi, Eko Setyo Postolovska, Iryna CORONAVIRUS COVID-19 HEALTH FINANCING EQUITY ECONOMIC SHOCK PANDEMIC IMPACT PANDEMIC RESPONSE Volume 2 updates the analyses presented in the original discussion paper, Volume 1, “From Double Shock to Double Recovery – Implications and Options for Health Financing in the Time of COVID-19,” published in March 2021. The original paper used macroeconomic projections released by the International Monetary Fund in October 2020 to project the possible time path of health spending per capita in 178 countries and territories from 2020 to 2025, under different scenarios. The scenarios built on observations of how health spending had responded during and immediately after previous economic crises, while taking into account that the economic crisis provoked by COVID-19 is different in its nature and scale. The most recent IMF country macroeconomic data, released in April 2021, forecast country macroeconomic performance through 2026. In comparison to earlier estimates, these projections suggest a less severe global economic downturn in 2020 and a stronger recovery in 2021. The objective of the present update is threefold. First, the paper briefly reports the IMF’s revised macroeconomic projections. Second, it spells out the implications of these projections for countries’ health spending. Finally, it compares different spending scenarios with estimates of countries’ incremental spending needs if they are to halt the COVID-19 pandemic and return to a path of progress toward universal health coverage (UHC). 2021-03-23T15:30:45Z 2021-03-23T15:30:45Z 2021-03 Working Paper http://documents.worldbank.org/curated/en/670721616095085493/From-Double-Shock-to-Double-Recovery-Implications-and-Options-for-Health-Financing-in-The-Time-of-COVID-19 http://hdl.handle.net/10986/35298 English Health, Nutrition and Population Discussion Paper; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	CORONAVIRUS COVID-19 HEALTH FINANCING EQUITY ECONOMIC SHOCK PANDEMIC IMPACT PANDEMIC RESPONSE
spellingShingle	CORONAVIRUS COVID-19 HEALTH FINANCING EQUITY ECONOMIC SHOCK PANDEMIC IMPACT PANDEMIC RESPONSE Kurowski, Christoph Evans, David B Tandon, Ajay Eozenou, Patrick Hoang-Vu Schmidt, Martin Irwin, Alec Salcedo Cain, Jewelwayne Pambudi, Eko Setyo Postolovska, Iryna From Double Shock to Double Recovery : Implications and Options for Health Financing in the Time of COVID-19
relation	Health, Nutrition and Population Discussion Paper;
description	Volume 2 updates the analyses presented in the original discussion paper, Volume 1, “From Double Shock to Double Recovery – Implications and Options for Health Financing in the Time of COVID-19,” published in March 2021. The original paper used macroeconomic projections released by the International Monetary Fund in October 2020 to project the possible time path of health spending per capita in 178 countries and territories from 2020 to 2025, under different scenarios. The scenarios built on observations of how health spending had responded during and immediately after previous economic crises, while taking into account that the economic crisis provoked by COVID-19 is different in its nature and scale. The most recent IMF country macroeconomic data, released in April 2021, forecast country macroeconomic performance through 2026. In comparison to earlier estimates, these projections suggest a less severe global economic downturn in 2020 and a stronger recovery in 2021. The objective of the present update is threefold. First, the paper briefly reports the IMF’s revised macroeconomic projections. Second, it spells out the implications of these projections for countries’ health spending. Finally, it compares different spending scenarios with estimates of countries’ incremental spending needs if they are to halt the COVID-19 pandemic and return to a path of progress toward universal health coverage (UHC).
format	Working Paper
author	Kurowski, Christoph Evans, David B Tandon, Ajay Eozenou, Patrick Hoang-Vu Schmidt, Martin Irwin, Alec Salcedo Cain, Jewelwayne Pambudi, Eko Setyo Postolovska, Iryna
author_facet	Kurowski, Christoph Evans, David B Tandon, Ajay Eozenou, Patrick Hoang-Vu Schmidt, Martin Irwin, Alec Salcedo Cain, Jewelwayne Pambudi, Eko Setyo Postolovska, Iryna
author_sort	Kurowski, Christoph
title	From Double Shock to Double Recovery : Implications and Options for Health Financing in the Time of COVID-19
title_short	From Double Shock to Double Recovery : Implications and Options for Health Financing in the Time of COVID-19
title_full	From Double Shock to Double Recovery : Implications and Options for Health Financing in the Time of COVID-19
title_fullStr	From Double Shock to Double Recovery : Implications and Options for Health Financing in the Time of COVID-19
title_full_unstemmed	From Double Shock to Double Recovery : Implications and Options for Health Financing in the Time of COVID-19
title_sort	from double shock to double recovery : implications and options for health financing in the time of covid-19
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/en/670721616095085493/From-Double-Shock-to-Double-Recovery-Implications-and-Options-for-Health-Financing-in-The-Time-of-COVID-19 http://hdl.handle.net/10986/35298
_version_	1764482741853749248

From Double Shock to Double Recovery : Implications and Options for Health Financing in the Time of COVID-19

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