Recent Release | 22 Apr 2020
The Economic Impact of COVID-19 on Asia-Pacific
Macro Consulting Team
Oxford Economics
In this report, Oxford Economics looks at the impact the COVID-19 pandemic on the economies of Asia-Pacific. We look at the impact of lockdown measures to contain the pandemic in China and other economies in the region, and their toll on business and households.
As the COVID-19 pandemic continues around the globe, governments, investors, business and households are beginning to understand the financial and economic costs more clearly.
In this report we examine the channels through which COVID-19 has impacted on the economies of the Asia-Pacific region. We explore the economic cost of lockdown measures, particularly so in China, as well as knock-on effects through supply-chains, tourism, and financial markets. We set out our forecasts for an historically-sharp downturn in the first half of 2020, but potential for a rapid recovery starting later this year and into 2021.
Finally, we examine a downside scenario, simulated using our Global Economic Model, in which lockdown measures spread globally and the economic cost is even greater than in our baseline forecast.
About the team
Our macro consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. The lead consultants on this project was:
Tom Rogers
Associate Director, Capital Projects and Assets Consulting
+44 (0) 203 910 8047
Private: Tom Rogers
Associate Director, Capital Projects and Assets Consulting
London, United Kingdom
Our economic consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
To find out more about our capabilities, contact:
EMEA
Sam Moore
+44 (0)207 803 1415
Email
Americas
Hamilton Galloway
+1 (646) 503 3068
Email
Asia
Rhianne Clark
+65 6850 0112
Email
Related Services
Post
True Cost of Compliance – 2023 Report
This 2023 report updates our 2020 research on the detection and prevention of financial crime, and it's cost to the UK financial services sector. We surveyed 300 senior compliance executives about their costs and compliance activities, and used these results to estimate the costs across the UK Financial Services sector.
Find Out More
Post
Global Construction Futures
A global forecast for the construction industry to 2037.
Find Out More
Post
Illicit Tobacco Consumption in Türkiye
This report examines the size of the illicit tobacco market in Türkiye as well as and the impact it has on government tax revenue. Commissioned by Philip Morris International, this report particularly highlights the rising prevalence of cut tobacco, whose consumption almost doubled between 2019 and 2021. Total tax loss due to illicit consumption of tobacco products reached TL 18,327mn in 2021, doubling from TL 9,744mn in 2019. Illicit cut tobacco accounted for 86.4-95.9% of annual tax loss during this period.
Find Out More