Asean, the Asian Development Bank (ADB) and the IMF have agreed economic prospects in this region and the world are expected to see a rapid recovery following global inoculations.
Kulaya Tantitemit, the Finance Ministry’s spokeswoman, said a joint virtual meeting of finance ministers and central bank governors from Asean, China, Japan and South Korea (Asean+3) held yesterday project an economic rebound in 2021.
The update was reported by the Asean+3 Macroeconomic Research Office (AMRO), the ADB and IMF.
The three organisations believe economic recovery is gathering momentum and vaccine rollouts will allow a gradual opening up of economies, even as the rebound appears uneven across and within countries.
The recovery is subject to elevated downside risks, including the spread of new variants of the Covid-19 virus and different…
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