Record drop in GDP in major Southeast Asian countries 4:54 on August 18
Due to the spread of the new coronavirus infection, GDP from April to June in the major countries of Southeast Asia such as Singapore and Thailand fell to a minus 10% record level. Following the United States and Japan, the economic deterioration due to the spread of infection is becoming clear in emerging countries as well.
In Southeast Asia, the spread of infection continues in some areas, and there is concern that the economy of each country will deteriorate and the performance of Japanese companies entering the country will also decline. Announced Gross Domestic Product.
Of these, Singapore has the largest negative figure of 13.2% since 1976 when data can be confirmed compared to the same period last year, and Thailand has the largest figure of minus 12.2% for the first time in 22 years since 1998, which was affected by the Asian currency crisis. It became depressed.
Malaysia was minus 17.1%, Philippines was minus 16.5%, and Indonesia, which has the largest economy in Southeast Asia, fell to minus 5.3% for the first time in 21 years.
This is because consumption decreased significantly due to restrictions on going out and business activities, and the tourism industry also fell due to restrictions on the movement of people from abroad.
If the economy continues to deteriorate, the outflow of economies in emerging economies may pose a risk to the world economy in the future, as funds may flow out from countries with weak financial bases.