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Omicron spread could pare S-E Asia growth forecasts by up to 0.8 percentage point: ADB
The downside scenario could occur if Covid variant disrupts supply and demand for 6 months, report adds
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Published Wed, Mar 16, 2022 · 09:50 PM
Singapore
SOUTH-EAST Asia's economy is expected to expand by 5.1 per cent in 2022 - but the spread of the Omicron virus variant could shave up to 0.8 percentage point off this estimate, the Asian Development Bank (ADB) warned in a new report.
The downside scenario could occur if Omicron disrupts supply and demand - and thus affects economic activity - for 6 months. Vietnam, Thailand, Malaysia and Laos are the most vulnerable markets.
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