Singapore, February 22 (ANI): A pause in southeast Asia’s economic recovery can steepen permanent economic losses as people stay home more and spend less, according to a report by S&P Global Ratings published on Monday.
Major emerging markets in the region — Indonesia, Malaysia, the Philippines, and Thailand — are living with the effects of new COVID-19 waves that only recently look to have peaked, said the report titled ‘Delay Risk on the Rise for Southeast Asia’s Recovery.’
“Our baseline estimates still assume emerging southeast Asia will return to its pre-pandemic level of GDP around August of this year,” said economist Vishrut Rana.
“However, delay risks are rising, and a prolonged recovery will drag on the region’s growth rate and lead to higher permanent economic costs,” he added.
As hospitals are filled up with COVID-19 patients in recent months, governments again restricted…
Southeast Asia s recovery may be delayed amid lingering Covid disruption S amp P -ANI
