Monthly Regional Update (April 2021)

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Monthly Regional Update

Monthly Regional Update (April 2021)

16 April 2021

Regional Economic and Policy Developments in April


 

ASEAN would grow slower than expected given resurgence in COVID-19 cases; herd immunity could be game changer



 

Cambodia: Surging virus cases and slow vaccination could delay recovery, but growth outlook remains positive



 
 

Lao PDR targets 4% p.a. growth over 2021-2025 driven by services sector, but tourism sector remains weak


 

Myanmar’s political crisis would lead to a sharp drop in GDP in 2021 and dampen longer term outlook


 

Vietnam’s GDP grew 4.5% YoY in 1Q21; outlook remains strong, outperforming ASEAN peers



 
 

Indonesia prepares to welcome foreign tourists starting with Bali; targets full reopening by April 2022


 

Philippines: New high in daily COVID-19 cases will dampen consumption amid limited fiscal space, disrupting recovery



 

 

 

 

 

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