Economies like Hong Kong, Singapore, Australia : EIU report
- The Economist Intelligence Unit said Asia-Pacific’s coronavirus elimination strategies are likely to undercut rather than support economic activity
- Rising vaccination rates in North America and Europe are driving a global recovery, while Asian countries struggle to reconnect with the outside world
“Zero Covid” economies in the Asia-Pacific region risk being left behind as the world recovers from the
pandemic, with years of potential border closures threatening their future prosperity, a report has warned.
face permanent damage to their status as international business hubs, while
risk missing out on the return of international tourism and students, according to the report by the Economist Intelligence Unit (EIU).
Asia-Pacific’s elimination policies are likely to “undercut rather than support economic activity” as rising vaccination rates in North America and Europe drive the global recovery from the pandemic, it said.