Coronavirus disease (COVID-19) has had devastating health, social, economic, and financial impacts across the world. Governments have since introduced measures ranging from accommodative monetary policies to expansionary fiscal policies to manage the short-term impacts of the pandemic. However, the impacts and assistance differ by sectors and demographic groups. As the policy discussions move towards the recovery phase, it is important to have a sector approach to develop targeted recommendations for this medium-term growth phase.
This brief and a forthcoming report show that there are five sectors of common relevance to COVID-19 recovery across the five focus countries (Cambodia, Indonesia, Myanmar, the Philippines, and Thailand). These sectors are: tourism, agro-processing, garments, electronics, and digital trade. In each of these sectors, there are unique challenges created by COVID-19 as well as differences in their growth prospects and opportunities. A set of policy interventions are outlined which could help address some of the current challenges and seize the available growth opportunities.