Can the Philippines inject additional stimulus into the economy and still maintain fiscal sustainability? The answer is that the country needs to spend more to achieve strong economic recovery in the face of the coronavirus-led recession. And the good news is, it can afford to do so, and maintain debt sustainability at the same time.
The Cambodian economy is expected to return to positive growth in 2021 after a contraction last year.
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, 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.
Confronted with the COVID-19 pandemic, ASEAN+3 economies have swiftly deployed substantial fiscal stimulus to save lives, and protect livelihoods and businesses.
Policymakers across the world have deployed unprecedented policy measures to mitigate the economic impact of the COVID-19 pandemic.
After being postponed in 2015 and 2017, Japan’s consumption tax was finally raised from eight to ten percent in October 2019. Most food items are exempted.
AMRO staff pays a visit to the Bank of Lao PDR during the Annual Consultation Visit to Lao PDR, which was held from February 24, 2020 to March 3, 2020.
The Korean economy slowed down in 2019 amid headwinds from global trade tensions and a synchronized global economic slowdown, according to the 2019 Annual Consultation Report on Korea published by the ASEAN+3 Macroeconomic Research Office (AMRO) today.
The Malaysian economy proved resilient to escalations in U.S.-China trade tensions and domestic commodity supply disruptions in 2018, expanding by 4.7 percent on the back of robust private consumption.
