Beyond the COVID-induced Boom of Malaysia’s Glove Industry
The COVID-19 pandemic triggered a sharp increase in the world demand for rubber gloves, notably medical gloves but also non-medical ones.
The COVID-19 pandemic triggered a sharp increase in the world demand for rubber gloves, notably medical gloves but also non-medical ones.
Millions across Asia have lost their jobs since the COVID-19 pandemic broke out early last year. One year on, the uneven and weary path to economic recovery continues to cast a shadow on the prospects of the labor market.
Vietnam’s GDP growth is expected to rebound to 7 percent in 2021, reflecting the country’s successful containment of the COVID-19 pandemic.
As Singapore enters a tighter phase of COVID-19 restrictions this weekend, the future of its “travel bubble” with Hong Kong has been thrown into limbo yet again.
The Cambodian economy is expected to return to positive growth in 2021 after a contraction last year.
Despite the disruption brought about by a renewed spike in COVID-19 cases since late 2020, the Malaysian economy is expected to rebound strongly this year and in 2022 as it rides on a vaccine-led global recovery.
The pandemic exposed the vulnerabilities of global value chains (GVCs) as lockdowns disrupted supply lines across economies. However, the ASEAN+3 region remains a prime location for GVC investment post-pandemic.
Home to 30% of the world’s population, the ASEAN+3 region accounts for only 3% of the total number of confirmed COVID-19 cases globally.
The fifth issue of the AREO, which provides AMRO staff’s assessment of both the conjunctural and structural issues within the ASEAN+3 region, coincides with the organization’s tenth anniversary.
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