AMRO’s 2021 Annual Consultation Report on Singapore
Singapore’s economy continues to recover steadily in 2021 and 2022 from a sharp contraction last year.
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.
China’s economy has recovered strongly from the downturn brought about by the COVID-19 pandemic.
Vietnam’s economy has been resilient against the COVID-19 pandemic. GDP growth is expected to rebound strongly in 2021, reflecting the country’s relatively successful containment of the pandemic as well as strong external demand.
Malaysia is in a strong position to ride a vaccine-led global economic recovery once the domestic COVID-19 situation is under control.
The economy of Indonesia remains resilient despite the COVID-19 pandemic.
Hong Kong’s economy and financial system remain resilient despite pronounced deterioration of growth and employment conditions due to the COVID-19 pandemic.
Following a recovery in 2019, the Bruneian economy is expected to continue to register positive growth in 2020, supported by the full operation of Hengyi’s refinery production.
Lao PDR’s GDP growth in 2020 is expected to slow sharply due to the economic fallout from the COVID-19 pandemic.