Southeast Asia’s Soaring Exports Fuel Hopes of Recovery in 2022
(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.
- MOST POPULAR