APAC | Outlook brightens, but slow vaccinations could drag

Following the plunge in activity in H1 2020, many APAC economies have rebounded on the back of supportive macro policies and a revival in global trade. But only a handful, such as China, Taiwan, Vietnam, and India, saw output in Q4 2020 recover above the pre-pandemic level of Q4 2019.

What you will learn:

  • Industrial production has generally rebounded across the region due to strong exports, with China, Taiwan, and Vietnam outpacing the rest.
  • Tighter mobility restrictions around the turn of the year will dampen sequential growth in Q1 for most APAC economies. But we expect the region’s recovery to gather pace in Q2, led by strong exports and electronics demand amid a global rebound.
  • Slow vaccination progress in APAC could limit the extent to which authorities can lift restrictions this year, putting a drag on the pace of recovery.

Topics: Coronavirus, GDP, Recovery, APAC

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