ASEAN Economic Forecast

Economic Snapshot for ASEAN

November 25, 2020

The regional economy is forecast to recover well in 2021 from this year’s sharp contraction

The regional economy is forecast to recover well in 2021 from this year’s sharp contraction, with domestic demand set to be buoyed by an uptick in consumer and capital spending. However, the spike in Covid-19 cases in Europe and the U.S. casts a shadow over the outlook, potentially dragging on regional exports to key markets at the outset of the year.

 

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