Security officers turn away people at a vaccination centre in Metro Manila’s Las Pinas City, in the Philippines, on August 6. Whether the Delta variant prolongs the pandemic appreciably will depend on how long it takes to address the inequities in the production and distribution of vaccines globally. Photo: EPA-EFE Security officers turn away people at a vaccination centre in Metro Manila’s Las Pinas City, in the Philippines, on August 6. Whether the Delta variant prolongs the pandemic appreciably will depend on how long it takes to address the inequities in the production and distribution of vaccines globally. Photo: EPA-EFE
Security officers turn away people at a vaccination centre in Metro Manila’s Las Pinas City, in the Philippines, on August 6. Whether the Delta variant prolongs the pandemic appreciably will depend on how long it takes to address the inequities in the production and distribution of vaccines globally. Photo: EPA-EFE
Jayant Menon
Opinion

Opinion

Macroscope by Jayant Menon

Why Southeast Asian economic growth is safe from Covid-19 Delta ravages, for now

  • As long as government spending remains robust and monetary policies accommodative, the Delta outbreak in the region is unlikely to arrest its growth momentum
  • But if the pandemic is significantly prolonged, long-term economic scarring, as reflected in a rise in unemployment and poverty rates, is the more worrying danger

Security officers turn away people at a vaccination centre in Metro Manila’s Las Pinas City, in the Philippines, on August 6. Whether the Delta variant prolongs the pandemic appreciably will depend on how long it takes to address the inequities in the production and distribution of vaccines globally. Photo: EPA-EFE Security officers turn away people at a vaccination centre in Metro Manila’s Las Pinas City, in the Philippines, on August 6. Whether the Delta variant prolongs the pandemic appreciably will depend on how long it takes to address the inequities in the production and distribution of vaccines globally. Photo: EPA-EFE
Security officers turn away people at a vaccination centre in Metro Manila’s Las Pinas City, in the Philippines, on August 6. Whether the Delta variant prolongs the pandemic appreciably will depend on how long it takes to address the inequities in the production and distribution of vaccines globally. Photo: EPA-EFE
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Jayant Menon

Jayant Menon

Jayant Menon, PhD, is a visiting senior fellow at the ISEAS-Yusof Ishak Institute in Singapore, following his early retirement from the Asian Development Bank, where he was lead economist in the Office of the Chief Economist. He holds adjunct appointments with the Australian National University, University of Nottingham and IDEAS, Malaysia.