The Asian Development Bank (ADB) forecast Cambodia will lose more than US$390 million due to the economic impact of the novel coronavirus disease (COVID-19) outbreak this year, the Phnom Penh Post reported.
ASEAN sacrifices advantages of economic integration to block contagion
The quarterly plunge in Singapore’s GDP was worse than the median forecast of an 8.2% decline in a Bloomberg survey of economists.
Despite the whirlwind of shutdowns, lockdowns and craziness descending on Thailand at the moment, the departments are still churning out numbers and trying to forecast the way ahead.
Myanmar’s trade with its ASEAN neighbour Thailand cannot help but be affected by the closure of crossing points along the countries shared border, a senior government official says.
Southeast Asia is facing the possibility of billions of dollars in losses from the sharp drop in Chinese tourists since the COVID-19 outbreak.
The Asian Development Bank (ADB) said the Kingdom will see losses amount to more than $390 million due to the economic impact of the Covid-19 outbreak this year.
Singapore's economy may contract 0.8 per cent this year from the impact of the coronavirus pandemic after growing 0.7 per cent in 2019, said S&P Global Ratings on Monday (March 23).
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
