COVID-19 and the Emerging Global Economic Ecosystem
The COVID-19 pandemic has brought about widespread disruptions in global supply chains, with countless companies ceasing operations due to a lack of input.
The COVID-19 pandemic has brought about widespread disruptions in global supply chains, with countless companies ceasing operations due to a lack of input.
The disruptions brought about by the COVID-19 pandemic have plunged the Philippine economy into the deepest recession in more than two decades.
2020 has been a turbulent year and the dominating theme is the COVID-19 pandemic. No countries or regions are immune to the severe impact of this health and economic crisis. Of all the 32 commentaries AMRO published this year, we recommend these 10 pieces that best sum up the key economic developments across the ASEAN+3 region and our policy recommendations as the pandemic rages on.
The Malaysian economy is undergoing a strong but uneven recovery following the nationwide lockdown in March and April.
In Hong Kong, China[1], the transition from face-to-face to contactless interactions has been swift and widespread as a result of the COVID-19 pandemic.
Hong Kong’s sound macro fundamentals are well known. The economy is very well run. Businesses pride themselves on delivering high-quality goods and services. The workforce is efficient, driven, and of high quality. Rules are clear and applied consistently.
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Hong Kong’s economy and financial system remain resilient despite pronounced deterioration of growth and employment conditions due to the COVID-19 pandemic.
Hong Kong, China’s [1] economy and financial system remain resilient despite the pronounced deterioration of growth and employment conditions due to the COVID-19 pandemic. Solid macro fundamentals, labor market flexibility, high levels of foreign and fiscal reserves, and the banking system’s ample buffers have underpinned the resilience of the economy to severe strains.
China was the first epicenter of the COVID-19 virus outbreak and subsequently, its economy was hit severely by the pandemic. Notwithstanding, all the economic forecasts for China now point to positive growth for 2020, with the strong recovery momentum continuing into 2021.