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Covid-19 and the impact on APAC

The full extent of the economic impact of the Covid 19 pandemic is slowly becoming apparent. According to Asia House, centre of expertise for trade, investment and public policy, several economies experienced a double-digit decline in quarterly GDP between Q1 and Q2.

China bucked the trend, reporting a year-on-year upswing of 3.2 percent in the second quarter, a healthy increase of -6.8 percent in the first quarter. Vietnam also barely managed to maintain positive growth. Singapore fell into a technical recession this year and South Korea is experiencing the sharpest decline since the Asian financial crisis in 1997.

Read more at Asiahouse.org