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Economic fallout of COVID-19 in South Asia higher than healthcare challenges: US assume tank’s report – World News , Firstpost

The report, titled ‘Nine Months of COVID-19: The Impact on South Asia’, was launched by the Hudson Institute assume tank on Friday

File picture of a well being employee taking a nasal swab pattern at a COVID-19 testing centre in Hyderabad. AP

Washington: The financial penalties of COVID-19 pandemic on South Asia are proving to be even higher than the healthcare challenges within the area, in response to a report compiled by a high American think-tank.

Titled “Nine Months of COVID-19 : The Impact on South Asia”, the report launched by the Hudson Institute assume tank on Friday, is co-authored by Husain Haqqani, former Pakistan ambassador to the US, and Aparna Pande and is an replace to their 30-page report “Crisis from Kolkata to Kabul: COVID-19 ”s Impact on South Asia” revealed in May 2020.

“The financial penalties of COVID-19 on South Asia are proving to be even higher than the healthcare challenges within the area. Different South Asian nations have handled the pandemic in varied methods, however the financial prices general appear to be larger than the healthcare penalties,” mentioned Haqqani.

All these nations have poor healthcare infrastructure and are residence to giant numbers of individuals residing beneath the poverty line, setting the muse for uphill battles when tackling well being crises, he mentioned.

“In order to make sure a protected return to regular life and a resumption of financial exercise, South Asian governments would profit from focusing extra on the event of human capital, Haqqani mentioned.

The report notes that after claiming that Pakistan had undergone a miracle in managing to curtail the unfold of COVID-19 circumstances, the nation is as soon as once more dealing with an increase in an infection.

“In addition, the last nine months have witnessed further curtailment of media and political opposition, an economy in crisis, and increasing role of the military,” it mentioned.

According to the report, in Sri Lanka too, the pandemic has worsened the debt disaster and tightened the grip of the Rajapaksha brothers on polity and society.

With rising circumstances, Bangladesh is the second most severely-hit financial system and the pandemic has worsened earnings inequality, it mentioned.

Turning to Afghanistan, whereas the healthcare disaster is taking its toll, the Afghans are additionally affected by the continued violent assaults by the Taliban and Islamic State, it added.

When it involves India, the biggest nation within the area, the report notes that whereas the India-US relations “remain on an upward trajectory” with an financial system that has slowed down drastically, and a clamping down on dissent throughout the nation, “India”s democratic credentials face challenges.”

The report factors to China’s continued “attempts to deepen its strategic and economic ties with countries in the region”, warning that the “the global US-China peer competition will also play out in South Asia, with Pakistan and Sri Lanka becoming closer to China and other countries safeguarding their options.”

According to Johns Hopkins University, greater than 1,349,700 folks have died and there are over 56,270,000 confirmed circumstances the world over.

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