Monthly Regional Update (February 2021)

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Monthly Regional Update

Monthly Regional Update (February 2021)

15 February 2021

Regional Economic and Policy Developments in February


 

ASEAN’s FDI inflows fell by 31% in 2020 but the region remains attractive, led by Vietnam and Indonesia


 

Cambodia to sign FTA with South Korea by mid-2021; this would diversify sources of FDI inflows and exports


 

Lao PDR sets 4% annual growth target for 2021-2025; external stability will remain a major challenge


 

Myanmar military declares one-year state of emergency, creating concerns over investments and trade


 

Vietnam targets 6.5%-7.0% annual GDP growth over 2021-25; this would encourage further reforms and privatization


 

Indonesia’s 2020 GDP falls 2.1%; recovery will continue given supportive policies and progress in vaccination


 

Philippines 2020 growth is the worst in ASEAN; recovery will be slow given weak demand and limited stimulus

 
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