Will East Asia beat the pandemic?

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East Asian countries have done remarkably well in managing the Covid-19 pandemic and limiting its economic repercussions. But, given that significant risks and uncertainties remain, it is far too soon to say that the region will emerge from the crisis as a global winner.East Asia’s pandemic record is undoubtedly impressive. In 2020, more than 101 million people tested positive for Covid-19, and over 2.1 million died globally. But thanks to strict containment measures and universal mask-wearing, East Asian countries had far lower rates of coronavirus infections and deaths than the advanced economies of Europe and America.Similarly, while the world economy contracted by 4.3 percent – the deepest downturn since World War II – developing Asia as a whole maintained positive GDP growth, buoyed by Taiwan, Vietnam, and especially China, which reported 6.5 percent annual growth in the …