Six Southeast Asian countries GDP growth rate deteriorates across the board New corona impact May 19 6:00
The growth rate of GDP (Gross domestic product) from January to March for the six major countries in Southeast Asia was severely affected by the spread of the new coronavirus infection, and the tourism and manufacturing industries were severely affected. In addition to the negative growth of these countries, Vietnam, which continued high economic growth, also slowed down.
According to the announcement by the governments of the six major countries in Southeast Asia, the GDP growth rate from January to March
was 1.8% in Thailand compared to the same period last year, which is the lowest level for the first time in eight years. In addition to the above,
▽ Singapore was minus 2.2% and
▽ Philippines was minus 0.2%, which was a record decline for the first time in 21 years.
Among the countries that maintained positive growth,
▽ Indonesia, the largest economy in the region, had a low level of 2.9% since 2001, and
▽ Vietnam, which continued high economic growth of around 7%, reached 3.8%.
▽ Malaysia also slowed down to 0.7%.
This is because the spread of the new coronavirus seriously affected a wide range of industries such as tourism and manufacturing.
Furthermore, as Southeast Asian countries continue to restrict economic activity after April, there is a growing view that GDP in the second quarter of April-June will worsen.