The Business Times
business-time-50
Asean Business logo
SPONSORED BYUOB logo
SUBSCRIBERS

Asean growth expected to surpass China in 2022: analysts

google-preferred-sourceAdd BT as a preferred source
Mindy Tan

Mindy Tan

Published Wed, May 25, 2022 · 05:50 AM
    • Shanghai, China’s financial hub with more than 28 million people, remains in lockdown for almost 2 months, though more residents are recently allowed to go out to shop for groceries. 
    • Shanghai, China’s financial hub with more than 28 million people, remains in lockdown for almost 2 months, though more residents are recently allowed to go out to shop for groceries.  REUTERS

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    THE extreme polarity in Asean’s and China’s approach to Covid-19 is making its impact felt, with economists projecting that 2022 could be the first time in 30 years that gross domestic product (GDP) growth of the Asean-6 outpaces China.

    Maybank analysts say they expect Asean-6’s GDP to grow at 4.9 per cent in 2022, faster than China’s 4.5 per cent. Dropping Singapore, which is further along in terms of post-Covid recovery, they expect Asean-5 growth for 2022 to come in at 5.2 per cent.

    The Asean-5 region comprises Indonesia, Malaysia, the Philippines, Thailand, and Vietnam.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    ChinaAseanChina economy

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    With the move, Ensign InfoSecurity will be reclassified as an associated company of StarHub, rather than a subsidiary.

    StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain

    The yen weakened to a low of 125.33 yen per Singdollar on April 13, before recovering slightly to about 124.91 on April 15.

    Singaporeans can now buy record amount of yen per Singdollar

    Air India has been one of the foreign carriers most affected by the outbreak of hostilities in the Middle East.

    Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss

    Keppel DC Singapore 7 and 8 (above). Portfolio occupancy of the Reit stands at 95.6%, with a reversion of about 51%.

    Keppel DC Reit posts 13.2% higher Q1 DPU of S$0.02833 on strong portfolio performance

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More