CAREC Quarterly Economic Monitor No.2

Our second CAREC Quarterly Economic Monitor looks at economic developments in the CAREC region based on a full-year 2020 GDP, and fiscal and external economy data. Main conclusions include that the 2020 economic loss in the CAREC region was of a magnitude not seen since the early 1990s. The findings confirm that pandemics are extraordinarily costly not only from the point of view of lost lives, health, and social interaction, but also purely economically. Substantial public and private investment in pandemic prevention certainly pays off.