Asean+3 to rebound strongly, but recovery outlook hazy, says AMRO
Recovery to depend on pace of vaccine roll-out, size of external demand, extent of economic scarring, it adds
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Angela Tan
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Singapore
GROWTH in the Asean+3 region is expected to rebound strongly this year and moderate in the next, but the recovery will be highly contingent on the pace of vaccination programmes, the strength of external demand, and the extent of economic scarring caused by Covid-19, the Asean+3 Macroeconomic Research Office (AMRO) said on Wednesday.
The Asean+3 group includes all 10 members of the Association of Southeast Asian Nations, as well as China, Japan and South Korea.
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