At present, real GDP growth in ASEAN is expected to hit the bottom in the second quarter of 2020 and would improve in the rest of 2020 and 2021. However, the revival of economic activities in 2021 can be interrupted by the on-going spread of COVID-19 in Indonesia and the Philippines, and most recently in Myanmar, Malaysia and Thailand.
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At present, real GDP growth in ASEAN is expected to hit the bottom in the second quarter of 2020 and would improve in the rest of 2020 and 2021. However, the revival of economic activities in 2021 can be interrupted by the on-going spread of COVID-19 in Indonesia and the Philippines, and most recently in Myanmar, Malaysia and Thailand.