World Bank revises growth forecast for Malaysia World

World Bank revises growth forecast for Malaysia

The World Bank has revised Malaysia’s economic growth projection to 3.3 percent in 2021, while forecasting a higher economic growth of 5.8 percent in 2022 and 4.5 percent in 2023 for Malaysia.
ADB lowers economic growth forecast for Cambodia World

ADB lowers economic growth forecast for Cambodia

The Asian Development Bank (ADB) on October 22 lowered Cambodia's economic growth forecast to 1.9 percent this year, down from its April projection of 4 percent, due to the prolonged COVID-19 pandemic.
Thailand’s economic growth forecast revised down World

Thailand’s economic growth forecast revised down

The Joint Standing Committee on Commerce, Industry, and Banking (JSCCIB) of Thailand has decided to lower the national economic growth forecast for the year to 0 - 1.5 percent from the earlier projection of 0.5 - 2.0 percent, due to a prolonged third wave of COVID-19 infections.
Indonesia lowers economic growth forecast for 2021 World

Indonesia lowers economic growth forecast for 2021

The Indonesian government has slashed the country’s growth projection in 2021 to 3.7 - 4.5 percent from the earlier prediction of 4.5-5.3 percent, given the serious impact of the latest wave of COVID-19 caused by the Delta variant and recent restrictions imposed in the two islands of Java and Bali.
Thailand's economy affected by third wave of COVID-19 World

Thailand's economy affected by third wave of COVID-19

Thailand’s GDP growth may dive to 1.6 percent if the government fails to stimulate its economy reeling from the third wave of COVID-19 infections, according to the University of the Thai Chamber of Commerce (UTCC).