AMRO’s 2020 Annual Consultation Report on Lao PDR
Lao PDR’s GDP growth in 2020 is expected to slow sharply due to the economic fallout from the COVID-19 pandemic.
Lao PDR’s GDP growth in 2020 is expected to slow sharply due to the economic fallout from the COVID-19 pandemic.
Singapore’s economy has been resilient but economic growth is expected to be significantly affected in the near-term due to the outbreak of the coronavirus.
In addition to an assessment of recent economic developments, the 2019 Annual Consultation Report on Japan covers key issues related to the Japanese economy, including Japan’s new fiscal stimulus package and the country’s recent consumption tax hike.
AMRO projects the country’s 2020 growth rate to moderate to 5.6 percent from 6.1 percent in 2019, with a sharp but short-lived downturn due to the outbreak of COVID-19.
The Philippine economy slowed markedly in the first half of 2019 and has rebounded since Q3 2019, reflecting the swing in government spending.
Hong Kong’s growth in 2020 is expected to come in at -0.2 percent, with the lingering of domestic tensions and the effects of the COVID-19 outbreak.
After a moderation in 2019, Korea’s economic growth is expected to pick up to 2.2* percent in 2020, supported by a rebound of demand for memory chips led by 5G installation in many countries.
Amid stronger external headwinds, Cambodia’s economy is projected to remain robust in 2019 and 2020 with relatively low inflation rate.
Indonesia’s economic prospects have been solid despite external headwinds, supported by a large-scale infrastructure investment program and the continuation of structural reforms.
Thailand’s economy is projected to slow from 4.1 percent in 2018 to 2.7 percent in 2019 and 3.1 percent in 2020, due to a decline in exports amid U.S.-China trade tensions, as well as a slowdown in private investment.