{"id":23761,"date":"2021-05-20T13:23:00","date_gmt":"2021-05-20T13:23:00","guid":{"rendered":"https:\/\/eces.org.eg\/?p=23761"},"modified":"2023-08-29T07:42:42","modified_gmt":"2023-08-29T07:42:42","slug":"the-long-shadow-of-informality","status":"publish","type":"post","link":"https:\/\/eces.org.eg\/en\/the-long-shadow-of-informality\/","title":{"rendered":"The Long Shadow of Informality"},"content":{"rendered":"\n<p><strong>Overview*<\/strong><\/p>\n\n\n\n<p>A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging markets and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic\u2014unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes\u2014including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Overview* A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging markets and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic\u2014unless governments adopt a broad set of policies to address the challenges [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70],"tags":[],"class_list":["post-23761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-selected-books"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Long Shadow of Informality - ECES<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eces.org.eg\/en\/the-long-shadow-of-informality\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Long Shadow of Informality - ECES\" \/>\n<meta property=\"og:description\" content=\"Overview* A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging markets and developing economies. 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