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Singapore to be among the last in the region to return to pre-virus GDP levels: Morgan Stanley

Uma Devi
Uma Devi5/12/2020 02:36 PM GMT+08  • 3 min read
Singapore to be among the last in the region to return to pre-virus GDP levels: Morgan Stanley
While China will arguably lead the pack with a recovery by 3Q2020, economist Deyi Tan says export-oriented economies such as Singapore, Thailand and Malaysia are likely to take until 1Q2021 to recover.
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SINGAPORE (May 12): Although the Singapore government has begun easing some restrictions, Morgan Stanley cautions that the Republic could be among the last to recover to pre-Covid-19 GDP levels.

While China will arguably lead the pack with a recovery by 3Q2020, economist Deyi Tan says export-oriented economies such as Singapore, Thailand and Malaysia are likely to take until 1Q2021 to recover.

“This group is some of the most export-oriented in Asia ex-Japan (AxJ). Some have also implemented lockdowns, leading to a double hit on exports and domestic demand. We think this group will likely take longer to recover, possibly by 1Q21. Growth risks are skewed to downside,” says Tan.

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