World Bank sees 'three-speed' recovery across East Asia and Pacific

China and Vietnam lead the exit from pandemic as inequality deepens across region

Motorbikes in Hanoi: Vietnam is one of only two countries in East Asia and the Pacific out in front in terms of economic recovery, according to the World Bank. © Reuters

GWEN ROBINSON, Nikkei Asia editor-at-large

March 26, 2021 10:03 JST

BANGKOK -- The East Asia and Pacific region is experiencing a "three-speed" exit from the coronavirus pandemic and needs to reconfigure economic and fiscal policies to play a "triple role" of supporting relief, recovery and growth, the World Bank says in its regional Economic Update report issued Friday.