[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-113396-en":3,"doc-seo-113396-105":29,"detail-sidebar-cat-0-en-105":91},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":13,"seo_description":14,"update_tm":27,"read_time":28},113396,1099514067438,"River Wang","https://ap-avatar.wpscdn.com/avatar/100002539ee87300030?x-image-process=image/resize,m_fixed,w_180,h_180&k=1780474512215547542",8,"Research & Report","World Bank East Asia and Pacific Economic Update April 2021 - Overview - Uneven Recovery","Overview section of the World Bank East Asia and Pacific Economic Update (April 2021) focusing on uneven recovery from COVID-19. It describes containment outcomes across countries, contrasting V-shaped rebounds in China and Vietnam with weaker recovery elsewhere, persistent gaps in output, and stalled poverty reduction. It links growth performance to containment efficiency, trade and government support capacity, highlights vaccine rollout effects, and assesses mixed prospects, risks, tourism limits, corporate balance-sheet pressures, and debt constraints.","Public Disc losure Authorized  \nWORLD BANK EAST ASIA AND PACIFIC ECONOMIC UPDATE APRIL 2021  \nUNEVEN RECOVERY  \nPub lic Disclosure Authorized Pub lic Disc losure Authorized Pub lic Disclosure Authorized  \nEAST ASIA AND PACIFIC ECONOMIC UPDATE, APRIL 2021  \nOverview  \nUneven containment: Like Hydra, the many-headed monster of Greek myth, COVID-19 is proving hard to suppress even a year after the first case was confirmed in Wuhan. China and Vietnam, which had largely contained the disease, saw occasional local outbreaks. Malaysia witnessed a significant resurgence, while Cambodia, Myanmar, Mongolia, and Thailand have seen more limited spurts in infections. Of the countries in which the virus raged a few months ago, the situation has improved in Indonesia, Malaysia, and the Philippines, but the number of cases remains high. The emergence of more transmissible variants of the variants of COVID-19, however, poses new challenges to the containment of the disease globally.  \nThree-speed recovery: Many of the economies in the region began to bounce back in the second half of 2020 after an initial slump. However, among major economies of the region, only China and Vietnam have followed a V-shape recovery path with output surpassing pre-COVID-19 levels in 2020 (Figure O. 1) . Most of the other countries have not seen a full-fledged recovery in terms of either output or growth momentum. By the end of 2020, output in the four other major economies had rebounded but remained on average around 5 percent below pre-pandemic levels, with the smallest gap in Indonesia (2 .2 percent) and the largest gap in the Philippines (8 .4 percent) . Economic contraction has been particularly severe and persistent in some of the small island economies, with output in 2020 remaining more than 10 percent below pre-pandemic levels in Fiji, Palau, and Vanuatu. Due to the economic distress, poverty in the region stopped declining for the first time in 20 years and 32 million people were prevented from escaping poverty.  \nFigure O.1. China and Vietnam are leading the recovery in the EAP region  \n\n| A. GDP growth, World | B. GDP growth, selected economies |\n| --- | --- |\n\nIndex, 2019-Q4 = 100  \n110  \n105  \n100  \n95  \n90  \n85  \n80  \n75  \nSources: Haver Analytics; World Bank.  \nNotes: Dashed line refers to 2019-Q4 = 100 index line.  \nDeterminants of growth performance: Economic performance across countries continues to depend primarily on (i) the efficiency with which the virus is contained; (ii) the ability to take advantage of the revival in international goods trade; and (iii) the capacity of governments to provide fiscal and monetary support. The countries with the weakest performance were the ones that suffered high rates of COVID-19 infections and mortality; that relied more on prolonged restrictions on mobility rather an effective test-based strategy; that depend on earnings from tourism rather than exports of manufactured goods, especially electronics; and whose governments had limited fiscal space. The rollout of the vaccine has not so far  \nxii OVERVIEW  \nUNEVEN RECOVERY  \nhad an appreciable impact on growth in the region. Economic performance was also affected by country-specific factors, including natural disasters (Fiji, Tonga, Vanuatu, Thailand, Philippines), other disease outbreaks (Samoa), and political uncertainty (Malaysia, Myanmar, Papua New Guinea, Thailand, and Timor-Leste) .  \nMixed prospects: The reverberations from the COVID-19 shock will influence future performance. Successful containment of the disease in some countries will support a recovery of domestic economic activity, but lingering infections in other countries will be a drag on growth until wider implementation of the vaccine. Global economic recovery, supported in part by the significant US stimulus, will revive trade in goods and could provide an external boost to growth of as much as 1 percentage point on average, but global tourism is expected to remain below pre-pandemic levels","cbCailEINr7lGWzA","https://ap.wps.com/l/cbCailEINr7lGWzA","pdf",2896585,1,13,"English","en",105,"# Overview\n## Uneven containment\n## Three-speed recovery\n## Determinants of growth performance\n## Mixed prospects\n## Risks","[{\"question\":\"Which countries are described as leading the recovery, and how does their rebound differ from others?\",\"answer\":\"China and Vietnam are described as leading the recovery with a V-shaped path and output surpassing pre-COVID-19 levels in 2020. Other economies show partial rebound or limited growth momentum, with several remaining around or below pre-pandemic levels by end-2020.\"},{\"question\":\"What factors are identified as key determinants of growth performance across countries?\",\"answer\":\"Growth performance depends primarily on the efficiency of virus containment, the ability to benefit from revival in international goods trade, and government capacity to provide fiscal and monetary support. Weak performers had higher infection and mortality, relied on prolonged mobility restrictions rather than testing, depended more on tourism than manufactured exports, and faced limited fiscal space.\"},{\"question\":\"What are the mixed prospects and main constraints on future growth?\",\"answer\":\"Domestic recovery depends on successful containment and broader vaccine implementation to reduce lingering infections. Global support may revive goods trade, but tourism is expected to stay below pre-pandemic levels longer, while weakened corporate and bank balance sheets and persistent uncertainty dampen investment. Growing debt and fiscal deficits constrain government spending.\"}]",1784503965,33,{"code":4,"msg":30,"data":31},"ok",{"site_id":24,"language":23,"slug":32,"title":13,"keywords":33,"description":14,"schema_data":34,"social_meta":86,"head_meta":88,"extra_data":90,"updated_unix":27},"world-bank-east-asia-and-pacific-economic-update-april-2021-overview-uneven-recovery","",{"@graph":35,"@context":85},[36,53,68],{"@type":37,"itemListElement":38},"BreadcrumbList",[39,43,47,50],{"item":40,"name":41,"@type":42,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":44,"name":45,"@type":42,"position":46},"https://docshare.wps.com/document/","Document",2,{"item":48,"name":12,"@type":42,"position":49},"https://docshare.wps.com/document/research-report/",3,{"item":51,"name":13,"@type":42,"position":52},"https://docshare.wps.com/document/world-bank-east-asia-and-pacific-economic-update-april-2021-overview-uneven-recovery/113396/",4,{"url":51,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":23,"description":14,"dateModified":61,"datePublished":62,"encodingFormat":60,"isAccessibleForFree":63,"interactionStatistic":64},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":40,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-20","2026-07-19",true,{"@type":65,"interactionType":66,"userInteractionCount":20},"InteractionCounter",{"@type":67},"ViewAction",{"@type":69,"mainEntity":70},"FAQPage",[71,77,81],{"name":72,"@type":73,"acceptedAnswer":74},"Which countries are described as leading the recovery, and how does their rebound differ from others?","Question",{"text":75,"@type":76},"China and Vietnam are described as leading the recovery with a V-shaped path and output surpassing pre-COVID-19 levels in 2020. Other economies show partial rebound or limited growth momentum, with several remaining around or below pre-pandemic levels by end-2020.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"What factors are identified as key determinants of growth performance across countries?",{"text":80,"@type":76},"Growth performance depends primarily on the efficiency of virus containment, the ability to benefit from revival in international goods trade, and government capacity to provide fiscal and monetary support. Weak performers had higher infection and mortality, relied on prolonged mobility restrictions rather than testing, depended more on tourism than manufactured exports, and faced limited fiscal space.",{"name":82,"@type":73,"acceptedAnswer":83},"What are the mixed prospects and main constraints on future growth?",{"text":84,"@type":76},"Domestic recovery depends on successful containment and broader vaccine implementation to reduce lingering infections. Global support may revive goods trade, but tourism is expected to stay below pre-pandemic levels longer, while weakened corporate and bank balance sheets and persistent uncertainty dampen investment. Growing debt and fiscal deficits constrain government spending.","https://schema.org",{"og:url":51,"og:type":87,"og:title":13,"og:site_name":58,"og:description":14},"article",{"robots":89,"canonical":51},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":92},[93,97,101,105,110,115,120,123,128,131,135],{"id":20,"doc_module":4,"doc_module_name":45,"category_name":94,"show_sort_weight":95,"slug":96},"Story & Novel",90,"story-novel",{"id":46,"doc_module":4,"doc_module_name":45,"category_name":98,"show_sort_weight":99,"slug":100},"Literature",80,"literature",{"id":52,"doc_module":4,"doc_module_name":45,"category_name":102,"show_sort_weight":103,"slug":104},"Exam",70,"exam",{"id":106,"doc_module":4,"doc_module_name":45,"category_name":107,"show_sort_weight":108,"slug":109},5,"Comic",60,"comic",{"id":111,"doc_module":4,"doc_module_name":45,"category_name":112,"show_sort_weight":113,"slug":114},6,"Technology",50,"technology",{"id":116,"doc_module":4,"doc_module_name":45,"category_name":117,"show_sort_weight":118,"slug":119},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":45,"category_name":12,"show_sort_weight":121,"slug":122},30,"research-report",{"id":124,"doc_module":4,"doc_module_name":45,"category_name":125,"show_sort_weight":126,"slug":127},9,"Religion & Spirituality",20,"religion-spirituality",{"id":126,"doc_module":4,"doc_module_name":45,"category_name":129,"show_sort_weight":126,"slug":130},"World Cup","world-cup",{"id":132,"doc_module":4,"doc_module_name":45,"category_name":133,"show_sort_weight":132,"slug":134},10,"Lifestyle","lifestyle",{"id":136,"doc_module":4,"doc_module_name":45,"category_name":137,"show_sort_weight":106,"slug":138},19,"General","general"]