Caixin
Jan 04, 2022 07:01 PM
ECONOMY

Southeast Asia’s Soaring Exports Fuel Hopes of Recovery in 2022

Workers look on as a container ship is unloaded in Singapore on Sept. 25, 2021. Photo: Reuters
Workers look on as a container ship is unloaded in Singapore on Sept. 25, 2021. Photo: Reuters

(Nikkei Asia) — Southeast Asian countries look poised to continue recovering this year from the economic havoc caused by the coronavirus pandemic, with brisk exports driving the rebound.

The Asian Development Bank forecasts a 5.1% rise in gross domestic product for Southeast Asia this year. That represents an acceleration from the 3% estimate for 2021, when the coronavirus shut down factories in Malaysia and Vietnam during the summer, contributing to global supply chain turmoil.

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