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This publication explores how digitalization is shaking up the finance industry in ASEAN+3 economies, outlines risks and opportunities, and suggests ways of protecting regional financial stability.
The pandemic has accelerated history by reinforcing some previous trends, leading the world to a “great reset”. Among the enduring consequences of the pandemic, four of them are here highlighted: digital transformation has been speeded up; globalization will be reshaped; higher public debt will be a legacy from the crisis; and some economic scarring from the pandemic in labor markets may be expected.