TAG: Economy
Although Peru entered the crisis in a strong fiscal position and deployed an aggressive stimulus programme to counter economic fallout, high case counts, stringent restrictions and infrastructure deficits weighed on public finances and health outcomes.
Thailand’s past experiences in mitigating global and financial health crises – coupled with robust medical infrastructure, and the ingenuity and adaptability of businesses and the wider population – have combined to keep the Covid-19 transmission and fatality rate relatively low in the country so far.
Indonesia’s robust economic growth in the years leading up to the pandemic, combined with low public debt, provided the country with a stronger cushion than in previous global crises.