Strong showing in the downstream sector contributed to rise in export earnings despite airline industry woes
The Philippines’ gross domestic product (GDP) likely slid by a hefty 14.3 percent year-on-year in the second quarter as the economy took a beating from one of the most stringent Covid-19 lockdowns in the region, a global forecasting services provider said.
Indonesia recorded a further decline in foreign direct investment (FDI) realization in the second quarter this year, as the COVID-19 pandemic batters both the national and global economy.
Brunei lacks real-time economic data to effectively monitor impact of pandemic, says think tank
Malaysia’s economy, to some degree, has been bogged down with structural issues over the years, resulting in the country lagging behind its counterparts with similar characteristics, like Singapore, said Minister in the Prime Minister's Department Datuk Seri Mustapa Mohamed.
The coronavirus pandemic is taking a heavy toll not only in terms of human lives, but also on the world’s economy. The World Trade Organization (WTO) forecasts that global trade will fall between 13 and 32 percent across all regions and sectors in 2020. The outlook for investment is not much rosier with the United Nations Conference on Trade and Development (UNCTAD) projecting global foreign direct investment (FDI) to drop by 40 percent from its 2019 value of US$1.5 trillion.
Indonesia's central bank on Thursday cut interest rates for the fourth time this year, with Southeast Asia's biggest economy battered by the coronavirus pandemic.
COVID-19 is a wake-up call for the world. The pandemic has brought some of the worst economic impacts since World War II. While some Eastern countries seem much better prepared than their Western peers in terms of handling infections, testing ,and mitigating the pandemic’s economic impacts, the poorest countries will be hit hardest.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
