According to a United Nations (UNESCAP) report released on 31st march 2021, the Asia-pacific region including India gazing up to its eyes on a “K-shaped” recovery of worldwide economy with the COVID-19 pandemic dealing with persistent growth error plans, and unprotected groups getting additionally degraded in the post-pandemic period.
The report named Economic and Social Survey of Asia and the Pacific 2021: Towards post-covid 19 resilient economies, the Economic and Social Commission for Asia and the Pacific (ESCAP) issued a statement saying that several factors can extend the pandemic-instigated dangers across and within the nations.
As per the report, the unbalanced spread out of the vaccines, the inordinate impact of the pandemic on poor and exposed groups, as well as the restricted fiscal response of the developing nations are likely to extend the pandemic threat. In case of a K-shaped recovery, various areas and funding groups of an economy recover at various paces, along with the highly-exposed sections which experienced different impacts, taking more time to come out from the sudden shock of the pandemic-prompted recession.
Read more: https://www.emeriobanque.com/news/k-shaped-recovery-likely-in-asia-pacific-region-unescap
