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Tax revenues in Asia and the Pacific hit by pre-COVID economic slowdown

Tax revenues in Asia and the Pacific hit by pre-COVID economic slowdown ย  21/07/2021 โ€“ Tax revenues fell in 2019 in two-thirds of economies across Asia and the Pacific as a result of an economic slowdown prior to the COVID-19 pandemic, according to a new OECD report. ย  Revenue Statistics in Asia and the Pacific 2021, launched today at an Asia-Pacific Economic Cooperation (APEC) workshop on tax policy responses to the COVID-19 pandemic, shows that the average tax-to-GDP ratio for the 24 econ...
United States United Kingdom Cook Islands Solomon Islands Papua New Guinea Development Centre
Source: oecd.org

ADB predicts modest growth for Pacific economies this year

ADB predicts modest growth for Pacific economies this year ADB predicts modest growth for Pacific economies this year May 03, 2021 The Asian Development Bank expects Pacific Island economies to return to positive growth this year, although at different rates, and with a great deal riding on successful vaccine roll-outs. Pacific economies contracted by an estimated 5.8% last year due to the effect of the coronavirus pandemic on tourism and trade flows, and construction activity....
Pacific Island Solomon Islands General Solomon Islands Cook Islands Papua New Guinea Marshall Islands

Pacific to Return to Positive Growth in 2021 — ADB

Pacific to Return to Positive Growth in 2021 โ€” ADB News Release | 28 April 2021 MANILA, PHILIPPINES (28 April 2021) โ€” The Pacific is forecast to return to positive growth in 2021, according to a new report by the Asian Development Bank (ADB) released today. But the regionโ€™s outlook remains subject to significant risks, and there is considerable variability across the 14 Pacific developing member countries (DMCs). The DMC economies were estimated to have contracted by 5.8% in 2020 as the c...
Cook Islands T Ai Pei Solomon Islands New Zealand Tina River Solomon Islands General
Source: adb.org

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