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Papua New Guinea (PNG) is a fragile state, vulnerable to recurrent shocks. A third wave of the COVID-19 pandemic is straining the healthcare system. Widespread vaccine hesitancy has contributed to very low uptake of the vaccines with about only 2 percent of the population fully vaccinated. Real...
Persistent link: https://www.econbiz.de/10013168920
FY20 and FY21. Nauru's remoteness and size constrain potential growth and it is severely exposed to the negative effects …
Persistent link: https://www.econbiz.de/10013169104
on economic activity and aggravated pre-existing socio-economic tensions. Following a contraction in 2020, growth is … natural disasters pose headwinds to inclusive growth. Despite strong external buffers, weaker fiscal position increases … vulnerability to shocks, while the decline in logging weighs on fiscal revenues and growth prospects …
Persistent link: https://www.econbiz.de/10013169197
Samoa has shown resilience to past economic shocks, underpinned by the authorities' strong commitment to support the economy and financial assistance provided by the international community. Samoa was among the first countries in the world to secure its border to protect its citizens from...
Persistent link: https://www.econbiz.de/10012516504
Strong and timely containment measures have successfully prevented a domestic COVID-19 outbreak but have also weighed on economic activity. The real GDP is estimated to have contracted by 3.3 percent in FY2020 and is projected to further decline by another 1.5 percent in FY 2021 due to continued...
Persistent link: https://www.econbiz.de/10012604026
The COVID-19 pandemic and related containment measures have put severe strains on the economy. The economic policy response has been strong and generally appropriate, helping counter the negative effects of the pandemic. Nevertheless, as the international borders remain shut, the economic...
Persistent link: https://www.econbiz.de/10012697158
Border closures and other pandemic containment measures have kept Vanuatu free from COVID-19. However, they have dealt a heavy blow to economic activity as tourism has come to a virtual halt. On top of the pandemic, Tropical Cyclone Harold and a volcanic eruption in Tanna Island caused extensive...
Persistent link: https://www.econbiz.de/10012697791
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