COVID-19 and Economic Recovery Potential in the CAREC Region

The coronavirus disease (COVID-19) pandemic and subsequent economic crisis have brought unprecedented challenges for countries in the Central Asia Regional Economic Cooperation (CAREC) region, which extends from Azerbaijan to the People’s Republic of China and is an increasingly important channel for international trade and energy resources. The road to recovery may be even more daunting, yet some economic trends suggest the potential for the recovery process to positively influence socioeconomic development in CAREC countries in the coming years.