Delta variant slowed economic recovery in East Asia


Bangkok, Sep 28 (EFE) .- Economic recovery after the first year of the pandemic in East Asia and the Pacific has been slowed by the spread of the delta variant of Covid-19, according to the World Bank this Tuesday.

The East Asia and Pacific region recorded fewer infections and deaths compared to other regions of the world in 2020.

However, the delta variant has hit the region hard this year, as it has recorded a high number of cases and deaths in many countries.

In its “Long Covid” report, the World Bank pointed out that economic activity in East Asia began to falter in the second quarter of the year, forcing them to lower growth forecasts for many countries of the region.

“While China, Indonesia and Vietnam have already surpassed pre-pandemic production levels, Cambodia, Malaysia and Mongolia will not do so until 2022,” the organization said.

“The Philippines, Thailand and many Pacific islands will remain below pre-pandemic production levels even in 2023,” he added.

While China’s growth is expected to be around 8.5%, the rest of the region is expected to grow by around 2.5%, according to the World Bank.

The report excluded developed countries such as Australia, South Korea, Japan and New Zealand.

The World Bank has urged governments to redouble their efforts in their immunization campaigns and hoped that by mid-2022 most countries would have fully immunized at least 60 percent of their population. EFE

nc / sc


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