Taking Stock, August 2022 : Educate to Grow

Taking Stock, August 2022 : Educate to Grow

As the two-year Coronavirus (COVID-19) crisis appears to wane, new economic shocks have cast shadows over the global economy heightening uncertainty about the short-to-medium path to recovery. The supply shock associated with the war in Ukraine is expected to blunt the promising economic recovery ar...

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Bibliographic Details
Main Author: World Bank
Format: Report
Language:en_US
Published: Washington, DC 2022
Subjects:
COVID-19
ECONOMIC SHOCKS
ECONOMIC GROWTH
SKILLED WORKFORCE
TERTIARY EDUCATION SYSTEM
DEMAND-SIDE FACTORS
SUPPLY-SIDE FACTORS
Online Access:https://documents.worldbank.org/en/publication/documents-reports/documentdetail/099408408052216389/idu095369e8107d0204a380a7620a5aa99d93856
http://hdl.handle.net/10986/37834
id okr-10986-37834
recordtype oai_dc
spelling okr-10986-378342022-08-06T05:10:34Z Taking Stock, August 2022 : Educate to Grow World Bank COVID-19 ECONOMIC SHOCKS ECONOMIC GROWTH SKILLED WORKFORCE TERTIARY EDUCATION SYSTEM DEMAND-SIDE FACTORS SUPPLY-SIDE FACTORS As the two-year Coronavirus (COVID-19) crisis appears to wane, new economic shocks have cast shadows over the global economy heightening uncertainty about the short-to-medium path to recovery. The supply shock associated with the war in Ukraine is expected to blunt the promising economic recovery around the world and has raised the specter of stagflation in advanced countries, leading to tightening conditions in global financial markets. Measures undertaken by China to control the spread of the Omicron variant of COVID-19 are also impacting its growth and the performance of global value chains. Additional risks threaten the recovery prospects of the global economy. New COVID-19 variants continue to be a severe risk, and as people around the world grow weary of pandemic-measures, this ‘fatigue’ could hamper attempts at controlling the spread. Vietnam’s economy is rebounding after two bruising years but faces domestic challenges and an unfavorable external environment in the short-to-medium-term. High vaccination rates facilitated the re-opening of the Vietnamese economy after the lockdowns of Q3-2021. Chapter 1 of this Taking Stock report reviews the recent developments in Vietnam’s economy and assesses its short-to-medium term prospects. It examines the country’s growth performance, its external balance, and monetary and fiscal policy responses during the first half of 2022. Chapter 2 reviews the performance in tertiary education access and outcomes. 2022-08-05T18:03:23Z 2022-08-05T18:03:23Z 2022-08 Report https://documents.worldbank.org/en/publication/documents-reports/documentdetail/099408408052216389/idu095369e8107d0204a380a7620a5aa99d93856 http://hdl.handle.net/10986/37834 en_US Taking Stock; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling South Asia Vietnam
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language en_US
topic COVID-19
ECONOMIC SHOCKS
ECONOMIC GROWTH
SKILLED WORKFORCE
TERTIARY EDUCATION SYSTEM
DEMAND-SIDE FACTORS
SUPPLY-SIDE FACTORS
spellingShingle COVID-19
ECONOMIC SHOCKS
ECONOMIC GROWTH
SKILLED WORKFORCE
TERTIARY EDUCATION SYSTEM
DEMAND-SIDE FACTORS
SUPPLY-SIDE FACTORS
World Bank
Taking Stock, August 2022 : Educate to Grow
geographic_facet South Asia
Vietnam
relation Taking Stock;
description As the two-year Coronavirus (COVID-19) crisis appears to wane, new economic shocks have cast shadows over the global economy heightening uncertainty about the short-to-medium path to recovery. The supply shock associated with the war in Ukraine is expected to blunt the promising economic recovery around the world and has raised the specter of stagflation in advanced countries, leading to tightening conditions in global financial markets. Measures undertaken by China to control the spread of the Omicron variant of COVID-19 are also impacting its growth and the performance of global value chains. Additional risks threaten the recovery prospects of the global economy. New COVID-19 variants continue to be a severe risk, and as people around the world grow weary of pandemic-measures, this ‘fatigue’ could hamper attempts at controlling the spread. Vietnam’s economy is rebounding after two bruising years but faces domestic challenges and an unfavorable external environment in the short-to-medium-term. High vaccination rates facilitated the re-opening of the Vietnamese economy after the lockdowns of Q3-2021. Chapter 1 of this Taking Stock report reviews the recent developments in Vietnam’s economy and assesses its short-to-medium term prospects. It examines the country’s growth performance, its external balance, and monetary and fiscal policy responses during the first half of 2022. Chapter 2 reviews the performance in tertiary education access and outcomes.
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Taking Stock, August 2022 : Educate to Grow
title_short Taking Stock, August 2022 : Educate to Grow
title_full Taking Stock, August 2022 : Educate to Grow
title_fullStr Taking Stock, August 2022 : Educate to Grow
title_full_unstemmed Taking Stock, August 2022 : Educate to Grow
title_sort taking stock, august 2022 : educate to grow
publisher Washington, DC
publishDate 2022
url https://documents.worldbank.org/en/publication/documents-reports/documentdetail/099408408052216389/idu095369e8107d0204a380a7620a5aa99d93856
http://hdl.handle.net/10986/37834
_version_ 1764487955432341504

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