Inclusive Growth at a Crossroads : Part One of Strengthening Inclusion and Facilitating the Green Transition

The period of the COVID-19 pandemic will be marked and remembered. It will certainly be known for the ongoing health crisis that has reverberated across the world, leading to significant social impacts, rising inequality and poverty rates, and the...

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Bibliographic Details
Main Author: World Bank
Format: Report
Language:English
Published: Washington, DC: World Bank 2021
Subjects:
Online Access:http://documents.worldbank.org/curated/en/991711626883401693/Part-One-of-Strengthening-Inclusion-and-Facilitating-the-Green-Transition
http://hdl.handle.net/10986/36023
Description
Summary:The period of the COVID-19 pandemic will be marked and remembered. It will certainly be known for the ongoing health crisis that has reverberated across the world, leading to significant social impacts, rising inequality and poverty rates, and the steepest recession in Europe since World War II. It could, however, also be known as the trigger for a shift towards policies that will enhance developmental and environmental outcomes. With economies at a crossroads, it is up to governments to make this shift happen. Countries in Europe will need to ensure a green, resilient and inclusive recovery. This report explores the impacts of COVID-19 on inclusive growth and considers the policies that are needed to strengthen resilience and to ensure that inclusivity is woven into the fabric of societies.