WITH the Covid-19 outbreak, South-east Asia’s gross domestic product growth is expected to slow sharply to just 1 per cent in 2020, before rebounding to 4.7 per cent in 2021, according to an Asian Development Bank report on April 3. This is down from 2019’s full-year growth rate of 4.4 per cent. The report, Asian Development Outlook 2020, forecasts […]
Read MoreThe Hanoitimes – If the pandemic is contained within the first half of 2020, Vietnam’s growth should rebound to 6.8% in 2021 and remain strong over the medium and long-term, according to ADB. Vietnam’s economic growth rate is expected to slow sharply in 2020, to 4.8%, but remains among Asia’s fastest growing economies, the Asian Development […]
Read MoreHONG KONG: The main Stock Exchange of Thailand index was down 6.24% at 11.06am as Asian markets were mostly in the red in early trade Monday despite massive economic stimulus efforts worldwide, with investors spooked by the relentless march of the coronavirus pandemic. The negative mood was fuelled by the failure of US lawmakers to […]
Read MoreHANOI: A summit of Southeast Asian and other international leaders scheduled in Vietnam early next month has been postponed until end-June due to worries about the coronavirus pandemic, Vietnam’s Foreign Ministry said on Thursday. Vietnamese Prime Minister Nguyen Xuan Phuc has informed leaders of other Southeast Asian countries about the postponement, the ministry said. The […]
Read MoreCITI Research economists have slashed their 2020 economic growth forecast for Asean to 2.9 per cent, down from a January prediction of 4.3 per cent, as the Covid-19 outbreak reaches an “inflection point” in South-east Asia. This reflects further extended drag on tourism; weaker domestic demand from both social distancing measures and the “fear factor”; transitory supply […]
Read MoreThe effects of COVID-19 are hitting Asean economies at a time when other risk factors such as a global growth slowdown were already rising. Any assessment of impacts must recognise that the spread of the virus is evolving in unpredictable ways The Coronavirus (COVID-19) pandemic is first and foremost a human tragedy. But the measures […]
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