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Governments face growing contingent liabilities from disasters as they tend to shoulder a significant share of disaster response and recovery costs. Disaster shocks increase government expenditure and hamper economic activities. An increasing number of countries are developing financial...
Persistent link: https://www.econbiz.de/10012646437
This report presents an analysis conducted by the World Bank to assess macro-fiscal impacts of earthquakes and floods in European Union (EU) Member States (MS), analyze the financial instruments in place to manage this risk and identify any associated funding gaps. The analysis is underpinned by...
Persistent link: https://www.econbiz.de/10012603726
(EMU) - the eurozone. The report finds that resilience of inclusive growth varied across EU countries, when faced with the …
Persistent link: https://www.econbiz.de/10012646960
the impact of the Coronavirus disease 2019 (COVID-19) pandemic on their economies and governance structures. Addressed to …
Persistent link: https://www.econbiz.de/10013209140
Real GDP expanded by 17.7 percent in 2022, with per capita incomes surpassing the pre-pandemic levels. On the supply side, accommodation, transport, and commerce explained 60 percent of growth. On the demand side, exports (mainly tourism) and private consumption accounted for growth. The rebound...
Persistent link: https://www.econbiz.de/10014366505
shock to all education systems in our lifetimes. The damage will become even more severe as the health emergency translates …
Persistent link: https://www.econbiz.de/10012647071
impact of the COVID-19 (coronavirus) pandemic on the Tunisian economy and the second presents findings from a diagnostic of …
Persistent link: https://www.econbiz.de/10012497540
Over the period 2019-21, Albania had to confront dual shocks: the 2019 earthquake and the COVID-19 pandemic. Both had sizable impacts on the country's economy. The COVID-19 pandemic took a heavy toll on an economy already affected by the earthquake in 2019. Key sectors were put in lockdown in...
Persistent link: https://www.econbiz.de/10013414016
Tropical Cyclone (TC) Seroja impacted Timor-Leste with heavy torrential rains over a 24-hour period on April 4, 2021, with an average intensity of over 14 millimeters per hour and a peak intensity of over 70 millimeters per hour. The heavy precipitation and the country's natural topography led...
Persistent link: https://www.econbiz.de/10013181672
recovery started only in 2015 but in 2020 Croatia is again facing a deep downturn due to the COVID-19 (Coronavirus) pandemic … that resulted in a global economic shock of unprecedented magnitude. Country's economic resilience is under an influence of … quickly from adverse shock and prepare the country for the next recession …
Persistent link: https://www.econbiz.de/10012647264