East & South Asia Economic Forecast

Economic Snapshot for East & South Asia

June 25, 2020

East Asia economic growth is expected to slow significantly in 2020

Economic growth is expected to slow significantly in 2020 , as domestic activity and exports are restricted by coronavirus-related lockdowns at home and abroad, respectively. A key downside risk is a flare-up in coronavirus cases. Troubled trade relations between the U.S. and China represents an additional risk.

South Asia economic growth to stall in 2020

The South Asian economy is expected to contract this year.  Coronavirus containment   measures are suffocating domestic activity, while prospects for exports and remittances are grim due to the global economic downturn. Furthermore, although fiscal stimulus should cushion the downturn, most governments in the region have limited room for extra spending.

 

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