Papua New Guinea’s economy has been hit hard by the COVID-19 crisis due to weaker demand and less favorable terms of trade. Pandemic-related global and national movement restrictions have weakened external and domestic demand and affected commodity prices, which will lead to an economic contraction, wider financing gaps in the external and fiscal accounts, and higher unemployment and poverty than previously anticipated in 2020. The authorities reacted...
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INFORMACIÓN
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2020/07/01
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Documento de trabajo
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157031
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1
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1
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2020/07/08
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Disclosed
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Papua New Guinea Economic Update : In the Time of COVID-19 - From Relief to Recovery
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