Only Vietnam's Economy Showed Positive Growth in Southeast Asia during Q3 2020

Economics & Macro

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Andrea Lidwina 25/11/2020 15:17 WIB

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Vietnam's economy grew by 2.62% in the third quarter of 2020 compared to the same period the previous year. This growth was the only positive one in Southeast Asia.

Economic Growth of Six Southeast Asian Countries in Q3 2020 (yoy)

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Only Vietnam's Economy Showed Positive Growth in Southeast Asia during Q3 2020

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Economic Growth of Six Southeast Asian Countries in Q3 2020 (yoy)

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Vietnam's economy grew by 2.62% in Q3 2020 compared to the same period the previous year (year-on-year/yoy). This growth was the only positive one among other major Southeast Asian countries.

Meanwhile, Indonesia ranked third with economic growth of -3.49%. This figure is lower than Malaysia's (-2.7%), but still higher than Singapore's (-5.8%) and Thailand's (-6.4%). The Philippines fared worst, with its economy contracting by 11.5%.

Editor : Muhammad Ahsan Ridhoi

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Only Vietnam's Economy Showed Positive Growth in Southeast Asia during Q3 2020

Only Vietnam's Economy Showed Positive Growth in Southeast Asia during Q3 2020

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Only Vietnam's Economy Showed Positive Growth in Southeast Asia during Q3 2020

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