The COVID-19 virus that triggered a supply shock in China has now caused a global shock. Developing economies in East Asia and the Pacific (EAP), recovering from a trade war and struggling with a viral disease, now face the prospect of a global financial shock and recession. Significant economic pain seems unavoidable in all countries and the risk of financial instability is high, especially in countries with excessive private indebtedness. Several...
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2020/04/01
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Publication
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147196
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2
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2020/06/03
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Disclosed
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Overview
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World Bank East Asia and Pacific Economic Update, April 2020 : East Asia and Pacific in the Time of COVID-19 (Vol. 2 of 2) : Overview (Bahasa (Indonesian)). World Bank East Asia and Pacific Economic Update Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/471071591188320683