Asia Pacific | Mixed progress towards recovery from covid-19
In spite of small clusters of outbreaks in China, Hong Kong, South Korea and Japan, these economies, together with Taiwan, Vietnam, Australia and Thailand are broadly moving in the right direction, with COVID-19 basically contained, governments generally easing restrictions and workplace mobility rising
Malaysia has also shown signs of positive dynamics in May, with containment of COVID-19 leading to easing of restrictions and increased mobility, although the country had a (modest) setback at the end of Ramadan.
The situation is more precarious in other countries in the region. The Philippines has been struggling with sharply rising caseloads since late May. In Singapore and Indonesia, the coronavirus outbreak has not yet been contained while it continues to escalate in India. The path to sustainable economic recovery is thus more challenging and exposed to risks in these four countries.