Monthly Regional Update (May 2021)

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Monthly Regional Update

Monthly Regional Update (May 2021)

17 May 2021

Regional Economic and Policy Developments in May
 

 
 

ASEAN exports will benefit from global recovery; Vietnam and Indonesia would lead peers


 

Cambodia’s government plans to reopen international tourism by 4Q21; virus resurgence remains a challenge


 

Lao PDR: Exports and investment would support growth in 2021 but new outbreaks could weaken pace of recovery


 

Myanmar: US and EU extend sanctions; ASEAN urges Myanmar end violence but it still has a long way to go


 

Vietnam targets services sector to contribute 50% of GDP by 2030; economic reforms would support goal


 

Indonesia’s economy contracts by slower pace in 1Q21; exports and investment should be key growth drivers


 

Philippines: Higher economic risks given surging COVID-19 cases and high public debt level


 

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