The ASEAN-6 economies have experienced a surge in Covid-19 cases since the start of 2021, which has led to the reinstatement of social distancing measures.
Thailand has recorded over 120,000 cases since April against less than 7,000 in all of 2020. At the other end of the spectrum Singapore and Vietnam averaged 5 and 1.1 per million new cases a day in May, which is still very low regionally and globally. In the case
This has dimmed, but not derailed the regional economic recovery; we have lowered our 2021 GDP growth forecast to 4.9% (from 5.5% previously). Our forecast is for growth to improve to 6.5% in 2022 as countries move closer to herd immunity and the recovery becomes more synchronised across sectors.
After being lauded for their successful containment of Covid-19 in 2020, the ASEAN-6 economies have experienced a surge in cases since the start of the year.
New daily cases in…
