ASEAN Economic Forecast

Economic Snapshot for ASEAN

June 29, 2020

The economic fallout from the Covid-19 pandemic is expected to be severe

The regional economy is seen shrinking this year, due to the impact of domestic containment measures and lockdowns abroad hitting exports and tourism. More positively, governments across the region have eased restrictions in recent weeks, which should be supporting demand at the tail end of Q2. Downside risks include a second wave and prolonged weak external demand.

 

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