Stimulus Packages to Revive the Economy: Governments' Response to the COVID-19 Pandemic in Asia/Pacific
This IDC Perspective provides a snapshot of the various stimulus packages announced by the respective country governments in Asia/Pacific in response to the COVID-19 pandemic. The translation of the announcement into real project initiations took place at varying pace across areas, such as infrastructure, health, education, tourism, aviation, social protection, and more. Year 2021 and beyond will see continued growth and implementation of government-initiated projects in sectors that were hit hard by the pandemic."Country governments in Asia/Pacific were responsive in announcing stimulus packages to revive the economy from the grip of the COVID-19 pandemic. Governments should take these measures as an opportunity to establish close public–private partnerships and build strong ecosystem models while deploying various stimulus measures. Delivering these services through digital platforms at any level of adoption will help governments deploy services efficiently even in the post-COVID period," says Manoj Vallikkat, research manager, IDC Asia/Pacific Healthcare Insights.
Please Note: Extended description available upon request.
- Executive Snapshot
- Situation Overview
- IDC Government Insights Opinion
- Stimulus Package Update
- Australia
- Education
- Healthcare
- Social Protection Program
- Tourism and Aviation
- Singapore
- Healthcare
- Financial Sector
- Financial Assistance
- Social Support
- Indonesia
- Healthcare
- Social Protection
- Support for Businesses
- Empowering Sectoral and Regional Governments
- New Zealand
- Healthcare
- Education
- Financial and Social Assistance
- Hong Kong
- Boosting Employment
- Industry-Specific Support
- Financial Assistance
- Malaysia
- Financial Assistance to Businesses
- Support to Tourism Industry
- Boosting Employment
- Healthcare and Social Support
- Upgradation of Connectivity/ICT
- Thailand
- Assistance to Businesses
- Social and Financial Assistance to Individuals
- Strengthening Infrastructure
- Taiwan
- Financial Aid
- Tax Breaks
- Employment Assistance
- South Korea
- Support for Businesses
- Special support
- Korean New Deal
- India
- Healthcare
- Mahatma Gandhi National Rural Employment Guarantee Scheme
- Education
- Social Protection
- Support for MSMEs
- Financial Assistance to States
- The Philippines
- Sector-Specific Measures
- Support for Businesses
- Social Protection
- China
- Financial Assistance
- Infrastructure
- Social Assistance
- Vietnam
- Fiscal Stimulus
- Monetary and Social Assistance
- Industry-Specific Support
- Tech Areas Targeted by Economic Stimulus
- Advice for the Technology Buyer
- Guidance for Governments
- Ensure Accountability of The Stimulus Package by Tracking Project Spending and Respective Outcomes
- Revisit the Outsourcing Model
- Prioritize the Deployment Based on the Severity of the Impact
- Guidance for Vendors
- Drive for an Ecosystem Model in Close Partnership with the Government to Articulate a Clear Value Proposition
- Extend Support to the Government's Mission by Merging with Corporate Social Responsibility Activities
- Learn More
- Related Research
- Synopsis