WASHINGTON, 8 April 2020 – Decisive policy measures that prioritize investments in health care systems and provide safety nets for people, especially the most vulnerable, are critical to mitigating the impacts of the COVID-19 (coronavirus) pandemic in Europe and Central Asia, says the Spring 2020 Economic Update for the region.
In addition, countries in the region can help sustain economic activity by supporting the private sector with temporary business credits, tax cuts, or tax payment deferrals. Small and medium enterprises that are impacted could benefit significantly from targeted government subsidies.
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