top of page

Create and Learn Books - a quick and easy way to learn by doing

Writer's pictureCreate and Learn

Which Growth Regions in Asia Will Suffer GDP Losses?



This article is published in collaboration with Statista

by Katharina Buchholz


Many developing nations in the East Asia/Pacific region will take a major hit economically due to the coronavirus outbreak, but some are also expected to finish off 2020 escaping negative GDP growth. According to a report by the Asian Development Bank published today, Southeast Asian countries like Thailand and the Philippines are expected to deal with the biggest losses, while Vietnam and China are expected to record GDP growth of 1.8 percent each for the year. Taiwan is projected to escape the negative figures narrowly at 0.8 percent growth.


Countries that rely on tourism heavily (Thailand, Cambodia) have proved vulnerable in this crisis, as are countries which carry high debts (Thailand, Malaysia, Vietnam). Yet, Vietnam has profited from picking up slack left by decreasing Chinese export early in the year. The country’s manufacturing sector had been taking over certain market segments even before the crisis as the Chinese economy is transitioning to a higher value-added model. Finally, countries with prolonged lockdowns and high case numbers (Indonesia, Philippines) are also suffering the consequences.


On the whole, developing economies in Asia are expected to shrink by 0.7 percent in 2020. The report expects the region's economy to generally bounce back in 2021 and experience stronger growth than it had in 2019.


Start leaning Science and Business Intelligence tools:


Comentários


The 100 Page Book - Python

Uncomplicated and easy to assimilate structure

Python The 100 page book - cover.png

Power BI – Business Intelligence Clinic

One dataset multiple solutions. Start your journey into the Business Intelligence world with this book.

Power BI 2019.jpg

Excel – Business Intelligence Clinic

One dataset multiple solutions. Start your journey into the Business Intelligence world with this book.

Excel BI ebook 2019.jpg

Power BI, Excel and Tableau – BI Clinic

Learn how to create Dashboard using Power BI, Excel and Tableau.

BI Clinic Complete Single cover.jpg

Power BI Academy: HR Recruitment

Create a complete dashboard for Human Resources. Bonus: 10 Templates

ebook.png

Tableau – Business Intelligence Clinic

One dataset multiple solutions. Start your journey into the Business Intelligence world with this book.

Tableau ebook 2019.jpg

Thanks for submitting!

Subscribe to get tips and free material

bottom of page