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Pacific Island Countries in the Era of COVID-19 : Macroeconomic Impacts and Job Prospects (Inglês)

Pacific Island Countries (PICs) face strong headwinds from the COVID-19 crisis, despite to date having experienced few cases of COVID-19 domestically. Unlike the Global Financial Crisis in 2008, this crisis is a combination of supply and demand shocks. Pandemic mitigation measures such as social distancing, lockdowns, school closures, and mobility restrictions have disrupted labor force participation and production while also denting consumption and investment. Technology-driven adaptation in both production and consumption, the timely reallocation of labor between sectors and regions, along with policy support, could moderate the effects of the shock. The seven PICs examined in this report – Fiji, Kiribati, Papua New Guinea (PNG), Samoa, Solomon Islands, Tonga, and Vanuatu, are expected to see significant declines in GDP growth in 2020.

Detalhes

  • Autor

    Arahan,Romeo Junior Villanueva, Doan,Dung Thi Thuy, Dornan,Matthew Selwyn, Munoz,Alexandra Gabriela, Silva Parsons,Kenia Hatsue, Yi,Soonhwa, Vergara Hegi,Damai Enrique

  • Data do documento

    2020/12/23

  • TIpo de documento

    Report

  • No. do relatório

    155343

  • Nº do volume

    1

  • Total Volume(s)

    1

  • País

    PNG & PI,

  • Região

    Leste Asiático e Pacífico,

  • Data de divulgação

    2020/12/23

  • Disclosure Status

    Disclosed

  • Nome do documento

    Pacific Island Countries in the Era of COVID-19 : Macroeconomic Impacts and Job Prospects

  • Palavras-chave

    tourism; migrant-receiving country; Technical and Vocational Education; Below the Poverty Line; female head of household; Agriculture, Fishing and Forestry; employment and unemployment; small and medium size enterprise; asian financial crisis; informal worker; job loss; Job Vacancies; loss of income; Labor Market; number of jobs; social security contribution; formal sector worker; labor market condition; labor force participation; total labor force; fiscal stimulus package; domestic labor market; Cash Transfer; intimate partner violence; supply of labor; informal sector employment; temporary wage subsidy; deployment of workers; violence against woman; labor market demand; Gender-Based Violence; opportunity for child; local government official; social development indicator; female unemployment rate; food service industry; cost of education; human capital accumulation; loss of job; high youth unemployment; public sector job; high school graduate; income earning opportunities; signs of recovery; inflow of workers; change in behavior; canned fish product; terms of trade; leave without pay; source of employment; arts and craft; compulsory social security; welfare of families; incentives for agriculture; labor market regulation; domestic food production; social assistance program; cash transfer program; import duty exemption; global supply chain; share of employment; public health measures; cash transfer scheme; social assistance measures; provision of liquidity; avenues for employment; temporary work scheme; new employment opportunity; international labor market; dual training system; terms of consumption; income from employment; Access to Education; households with child; radio and television; lack of connectivity; Poverty & Inequality; migrant worker; travel restriction; tourism industry; unemployment benefit; downside risk; social distance; labor mobility; job opportunity; job opportunities; tourism sector; subsistence agriculture; youth employment; in poverty; Outer Islands; vulnerable population; reduced work; social insurance; semi-skilled worker; work experience; border closure; internet usage; commodity price; support measure; destination country; vulnerable group; sick leave; Wage Subsidies; unemployment risk; employment retention; survey respondent; fiscal gap; domestic demand; oil import; business survey; income loss; prospective migrants; lost jobs; weak demand; tourist arrival; Cash Income; seasonal worker; unemployed individual; soft skills; mobility opportunity; seasonal migrant; low risk; other sectors; social impact; remittance inflow; high frequency; Young Workers; labor migrants; labor demand; retail trade; supply contract; extreme scenario; school closure; fiscal response; mitigation measure; fishery industry; fish price; Public Services; inward remittance; log exports; remittance income; disproportionate impact; fiscal measure

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