After a tumultuous year for global business, fledgling signs of a post-Covid economic recovery offer green shoots of hope. Not only does this provide a welcome aura of optimism, early signs indicate this recovery could be accelerating at a pace faster than might previously have been expected.

The World Bank estimates that the global economy will expand by 4% in 2021, following a 4.3% contraction in a challenging 2020. The growth projections for East Asia and Pacific are more positive still, predicted to accelerate by 7.4% in 2021. This is expected to be driven by buoyant recovery in China, and significant rebounds in Southeast Asian countries such as Malaysia and Vietnam.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook