Now What? Post-Pandemic Policy Considerations
The COVID-19 pandemic has promoted unprecedented policy responses by governments across the ASEAN+3 region in their bid to save lives, protect jobs and support the economy.
The COVID-19 pandemic has promoted unprecedented policy responses by governments across the ASEAN+3 region in their bid to save lives, protect jobs and support the economy.
Increased integration of international trade and finance has magnified spillovers globally and within the ASEAN+3 region, further highlighted by the COVID-19 pandemic.
The COVID-19 pandemic has caused widespread financial difficulties for businesses and individuals, with attendant implications for financial stability.
After being postponed in 2015 and 2017, Japan’s consumption tax was finally raised from eight to ten percent in October 2019. Most food items are exempted.
The COVID-19 pandemic has spread rapidly throughout the world, infecting more than 4.8 million people worldwide by mid-May.
The COVID-19 pandemic has obliterated the region’s USD 300 billion travel and tourism industry. The outcome is threatening the external sector of countries for whom tourism has been a stable source of foreign exchange, and domestically, a key employer of the local workforce.
Singapore’s economy has been resilient but economic growth is expected to be significantly affected in the near-term due to the outbreak of the coronavirus (COVID-19). Strong policy support is expected to help cushion the impact.
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With the COVID-19 infections seemingly becoming more controlled in some countries in the region, policymakers are turning their focus toward exit strategies for domestic containment measures.
(Last updated: May 10, 2020) Download the infographic in high-resolution