Stimulus Packages to Revive the Economy: Governments' Response to the COVID-19 Pandemic in Asia/Pacific

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
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Synopsis

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