COVID-19Economic GrowthGlobal TradeMalaysiaThailand

COVID surge puts brakes on Thai and Malaysia growth: survey

By July 6, 2021December 5th, 2023No Comments
Shipping containers await transport from a port in Bangkok, Thailand in March 2016. (Image Credit: Reuters)

The contrast of economic performances varies widely across SE Asia in 2021 thus far, with Singapore and Vietnam seeing significant GDP growth driven by technology and trade, domestic consumption, and infrastructure spending. However, other nations have not fared as well.

Thailand and Malaysia are seeing significant challenges as COVID-19 outbreaks continue to hinder their economic recoveries, leaving a wake of unemployment and uncertainty that will likely last for years.