Asia / Growth, Monetary

ASEAN-6: Emerging from lockdowns

Radhika Rao, Irvin Seah / June 25, 2020
As the region emerges from the pandemic associated lockdowns, 2Q20 will likely marked the trough for the growth cycle and should improve thereon.
Key summary points
  • COVID-19 infection is evolving at a varying pace across ASEAN
  • Economies are unwinding restrictions in a phased manner, as lives vs livelihoods debate catches on
  • Average GDP growth for ASEAN-6 economies is expected to average -2.2% y/y
  • Scale of fiscal response differs and will be crucial in softening the impact
  • Expect the last leg of monetary easing in 2H

ASEAN-6: Emerging from lockdowns

Photo credit: AFP Photo

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