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Post-COVID-19 Asia will grow strongly in 2021 but structural problems continue to pile up

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  • Alicia Garcia Herrero

    (Hong Kong University of Science and Technology)

Abstract

2020 was a terrible year for Asia but for some countries less than for others. Countries recovered divergently with some managing to grow positively notwithstanding the pandemic, namely mainland China, Taiwan, and Vietnam. The rest of Asia had a hard time, facing problems such as current-account deficit, tourism reliance, and limited fiscal and monetary space. This article discusses the unevenness of COVID-19 and the divergent recovery of Asian economies in the post-COVID-19 era.

Suggested Citation

  • Alicia Garcia Herrero, 2021. "Post-COVID-19 Asia will grow strongly in 2021 but structural problems continue to pile up," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 18(2), pages 240–258-2, September.
    • Handle: RePEc:elg:ejeepi:v:18:y:2021:i:2:p240-258
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    More about this item

    Keywords

    COVID-19; Asian economies; fiscal and monetary policy; US–China relations;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General

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