The Asean + 3 Macroeconomic Review Office (AMRO) has slashed its 2021 growth forecast for Asean + 3 nations to 6.1%, from its previous 6.7% forecast.
The macroeconomic watchdog which monitors Asean, Japan, China and Korea, says the downgrade follows the flat growth seen in the region in 2020.
The Asean region, in particular is pencilled to see a slower growth rate of 2.7% this year, no thanks to the recurring new waves of Covid-19 infections and the re-tightening of containment measures to curb the spread.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
