Governments in Asia and the Pacific must think about two things when restarting their economies: when to do it and how. Economies across Asia and the Pacific—like in much of the world—have been hit hard by the coronavirus outbreak. To slow the spread of the virus, many governments have chosen to impose lockdowns and travel bans. While vital, these measures have also had severe economic impact. The Asian Development Bank estimates that Asia is likely to lose 68 million jobs if the pandemic goes on until September. Asia’s towns and cities are waiting to spring back to life. Photo: Benjamin Wong With vast uncertainty about the possible health and economic outcomes of the virus over the coming months, experts in public health and epidemiology are urging countries to prepare for a second wave of infection. This means that countries must grapple with how to balance virus containment with national economic interests—not only now, but possibly again in the future. – Rebooting too early: A number of countries are considering dialing-back their restrictions, ending a lockdown prematurely—or without appropriate plans in place. This can start a cycle of new infections. – Rebooting while keeping disease at bay: Some countries gained an… Read full this story
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