Monthly Regional Update (August 2020)

Regional Economy

Monthly Regional Update (August 2020)

14 August 2020

Regional Economic and Policy Developments in August

ASEAN: Total remittances are expected to drop by between 9.9% and 18.6% from baseline in 2018

Cambodia launches measures to boost tourism; rising infections worldwide could delay travel bubble program


 

Lao PDR: To build ASEAN’s largest wind farm in the country, diversifying its energy generation mix

Myanmar: Government creates special economic zone in Mon State, capitalizing on strategic location to attract FDI 

Japanese retailers are tapping into Myanmar’s retail market, affirming vast opportunities

Vietnam: Re-imposing lockdown in Danang might drag recovery but full-year growth would remain positive


 

Indonesia: 2Q20 GDP contracts by 5.3% YoY, the sharpest drop since 1Q99; economy has bottomed-out


 

Philippines: Economy is in recession after GDP shrank by 16.5% in 2Q20; growth outlook could be derailed by a surge in COVID-19 cases

Philippines’ real interest rate is negative but further monetary easing is likely

 
ประกาศวันที่ :14 August 2020
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