Collective efforts needed for rebound in Asean’s growth, says AMRO

-A +A

SINGAPORE (April 8): The Asean + 3 Macroeconomic Review Office (AMRO) has slashed its 2020 growth forecast for Asean + 3 nations to 2%, from its previous prediction of 4.9%.

The macroeconomic watchdog which monitors Asean, Japan, China and Korea, says the upgrade follows the uncertainty from the Covid-19 pandemic. However, it expects growth in the region to have a strong rebound to 5.5% in 2021, once the health and economic crises abate.

Meanwhile, Asean economies are expected to weaken sharply to grow at an average of...(click on link for full story on theedgesingapore.com)