Report: Most Southeast Asian economies to fall into recession this year


Source: thesundaily.my thesundaily.my

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Sunbiz / 10 Jun 2020 / 21:27 H. Thailand is forecast to be one of the worst hit amongst SEA economies as its tourism and travel sector have suffered greatly due to the pandemic. – Reuterspix PETALING JAYA: Most Southeast Asian (SEA) economies are expected to fall into recession in the first half of 2020 due to the severe impact of the Covid-19 outbreak, according to a new report commissioned by the Institute of Chartered Accountants in England and Wales (ICAEW). The report Coronavirus Global Outlook: After the Outbreak by Oxford Economics predicts that most SEA economies will fall into...