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Context: Recently, a report titled ‘Economic and Social Survey of Asia and the Pacific 2021: Towards post-COVID-19 resilient economies’ was released by the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP).
An economic growth of 7 per cent in 2021-22, over a contraction of 7.7 per cent witnessed in the previous fiscal on account of the pandemic’s impact on normal business activity.
China’s swift and effective response to COVID-19 enabled it to become the only major economy worldwide to achieve a positive annual economic growth rate in 2020.
On an average, developing Asia-Pacific economies are expected to grow 5.9 per cent in 2021 and 5 per cent in 2022, after having experienced an estimated contraction of 1 per cent in 2020.
About Economic and Social Survey of Asia and the Pacific The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) was established in 1947.
About United Nations Economic and Social Commission for Asia and the Pacific
Objective: To overcome some of the region’s greatest challenges by providing results-oriented projects, technical assistance and capacity building to member States.
By: Shubham Tiwari ProfileResourcesReport error
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