East & South Asia Economic Forecast

Economic Snapshot for East & South Asia

May 28, 2020

East Asia economic growth is expected to slow significantly in 2020

Economic growth is expected to slow significantly in 2020 , as the Covid-19 crisis restricts activity and hits export prospects. A key downside risk is a second wave  of coronavirus cases, leading to prolonged lockdown measures  . Troubled trade relations between the U.S. and China, coupled with political uncertainty in Hong Kong, represent additional risk factors

South Asia economic growth to stall in 2020

South Asian economic activity is expected to stall this year compared to last year, due to the spread of coronavirus and related measures that are restricting regional  activity. Moreover, those economies in South Asia that rely heavily on exports and remittances, such as Bangladesh, will particularly suffer this year due to the global economic downturn. 

 

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