In its World Economic Outlook released earlier this week, IMFpredicted Vietnam’s 2022 economic growth at 7.2 percent, followed by thePhilippines (6.5 percent), and Malaysia and Cambodia (both 6 percent).
The regional economies recording high GDP growth this yearwill be the Philippines (6.9 percent), Malaysia and Vietnam (both 6.5 percent),Singapore (5.2 percent), Laos (4.6 percent), Indonesia (4.3 percent), andCambodia (4.2 percent).
In 2020, some ASEAN economies experienced strongcontraction due to the impacts of the COVID-19 pandemic: the Philippines (9.5percent), Thailand (6.1 percent), Malaysia (5.6 percent), Singapore (5.4percent), and Cambodia (3.5 percent).
Only three economies expanded, namely Myanmar(3.2 percent), Vietnam (2.9 percent), and Brunei (1.2 percent).
Cambodia is forecast to become the fastestgrowing one in the region in 2026, with GDP expansion of 6.8 percent./.