AMRO’s 2021 Annual Consultation Report on China
China’s economy has recovered strongly from the downturn brought about by the COVID-19 pandemic.
China’s economy has recovered strongly from the downturn brought about by the COVID-19 pandemic.
The Indonesian economy is on track to a firm recovery as a result of effective pandemic containment measures and ongoing policy support.
The Japanese economy is expected to grow at a faster 2.9 percent in 2022 after a moderate 1.7 percent recovery in 2021, reflecting pent-up private consumption and business investment.
Hong Kong’s economy has been rebounding strongly due to the progress in COVID-19 vaccinations, and recovering domestic and external demand, but targeted policy support to hard-hit sectors and supportive credit conditions remain important to safeguard the recovery.
Brunei Darussalam’s external position and fiscal balance should improve considerably, benefiting from rising global oil prices amid better global economic prospects.
Thailand’s economy should recover gradually — although unevenly across sectors — with growth likely to register 0.8 percent in 2021 before rebounding to 5.8 percent in 2022.
The Cambodia’s economy was hit severely in 2020 by the COVID-19 pandemic and the recovery in 2021 is expected to be moderate and uneven across sectors.
Singapore’s economy continues to recover steadily in 2021 and 2022 from a sharp contraction last year.
Korea’s economy is forecast to rebound strongly in 2021 led by a strong global recovery and robust demand for electronics, autos and other manufactured products.
The Philippine economy is recovering from its deepest ever recession in 2020, but growth forecasts could be lowered due to the resurgence of COVID-19 infections in early 2021.