Munich Personal RePEc Archive

Assessing ASEAN Economic Policy Responses in a Pandemic

Zulkhibri, Muhamed and Sinay, Joy Blessilda (2020): Assessing ASEAN Economic Policy Responses in a Pandemic. Published in: ASEAN Policy Brief No. 2 (May 2020): pp. 1-13.

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Abstract

Responding to the crisis, the AMS rolled out numerous fiscal stimulus packages, monetary policy and financial measures, and sector-specific measures and interventions. Business and consumer confidence across the ASEAN region diminished as the impact of the COVID-19 pandemic mounted. Amid uncertainties, the AMSneed to carry on withsystematic interventions andeconomic remedies to pushthe economy forward. Inparticular, i) continue thebroad-based fiscal stimulusand other targeted socio-economic measures; ii)ensure that firms couldreturn to their pre-COVID-19pandemic production and employment levels; iii)formulate a regional socio-economic recovery planpost-COVID-19 to facilitateregional growth; andiv)reinvigorate multilateralismto ensure global resilienceand sustainability post-COVID-19.

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