Average GDP in ASEAN could bounce back to 8% by 2021
Economic growth in the ASEAN region could rebound to an average 8% in 2021 on the back of recovery in Chinese import demand and global trade, after falling into recession in the first half of 2020, a report suggested on Monday. The report, written by Oxford Economics and commissioned by the Institute of Chartered Accountants in England and Wales (ICAEW) suggested that most South-east Asian economies will fall into recession in the first half of 2020 before recording a 1.9% contraction for the full year.
https://www.businesstimes.com.sg/asean-business/average-gdp-in-asean-could-bounce-back-to-8-by-2021-icaew-report