Unpacking COVID-19’s economic impacts and recovery potential in the CAREC Region

Asia's Developing Future

The Central Asia Regional Economic Cooperation member countries, also known as the CAREC region, extends from Azerbaijan to the People’s Republic of China, and includes some of the world’s most important producers of energy and natural resources, and emerging trade routes. So how seriously has the COVID-19 pandemic affected the region’s economies and what does the future hold in store? In this podcast, ADBI’s Dina Azhgaliyeva and Kamalbek Karymshakov of the Kyrgyz-Turkish Manas University describe the heavy impact of COVID-19 on household incomes across Central and West Asia and factors disrupting the ability of businesses in the region to adapt successfully to the COVID-19 outbreak. They also share their research insights on recovery policy options and the road ahead in CAREC countries. The discussion draws upon a joint ADBI – CAREC Institute forthcoming edited book, COVID-19 and Economic Recovery Potential in the CAREC Region. Read the transcript adbi.me/3hBb053