Growth in Asean, China, Japan and Korea expected to slow to 6.1% in 2021: AMRO

Amala Balakrishner
Amala Balakrishner10/8/2021 11:19 PM GMT+08  • 3 min read
Growth in Asean, China, Japan and Korea expected to slow to 6.1% in 2021: AMRO
The downgrade follows the flat growth seen in the region in 2020.
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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.

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