Asean poised for rebound, but growth fragile due to uncertainties, risks: OECD

The pandemic has inflicted substantial damage on labour markets in Emerging Asia, its report adds

Angela Tan

Published Wed, Mar 23, 2022 · 05:50 AM

Singapore

THE economies of the Association of Southeast Asian Nations (Asean) is projected to grow by 5.2 per cent in 2022 and in 2023, but there are significant uncertainties from Russia's invasion of Ukraine to immediate risks such as the Covid-19, rising inflation and supply chain disruptions, the Organization for Economic Cooperation and Development (OECD) says.

In its "Economic Outlook for Southeast Asia, China and India 2022 - Financing for Sustainable Recovery from Covid-19", the OECD said the economic growth in Asean will range from -0.3 per cent in Myanmar to 7.0 per cent in the Philippines in 2022.