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The virtual event is part of ESCAP’s ongoing efforts to support Asia-Pacific countries navigate through the pandemic and build forward better. In May, ESCAP launched its COVID-19 Policy Response Tracker to monitor developments in containment measures, fiscal and monetary policies, as well as SME, trade, transport, social protection, and statistics related measures. In August, ESCAP conducted a virtual workshop on a new excel-based COVID-19 Simulation Tool aimed at assessing the near-term impacts of lockdowns and fiscal relief packages.

The ESCAP Macroeconomic Model was developed to support the design of economic recovery packages for countries in the Asia and Pacific region, and offer insights into how countries can build resilience in the post-COVID-19, while enhancing sustainability along economic, social and environmental dimensions. The model runs within the EViews software and is fully global in scope. It comprises 46 individual full country models for the Asia and Pacific region, smaller models of 9 key trading partners outside of the region, plus aggregate models for the remaining countries grouped into 4 regions. These individual models are linked together via trade, remittances and financial markets, as well as global carbon emissions and energy markets.

This was a side event to the virtual conference on Towards post-COVID-19 resilient economies on 1500 to 1700 (Bangkok time), Thursday 19 November 2020.



for more information, please contact

Macroeconomic Policy and Financing for Development Division +66 2 288-1234 [email protected]