Southeast Asia's Average Economic Growth Negative in Q2 2020

Economics & Macro

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Andrea Lidwina 18/08/2020 10:07 WIB

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Five major Southeast Asian economies recorded negative economic growth in the second quarter of 2020. Only Vietnam reported economic growth, at 0.36%.

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Southeast Asia's Average Economic Growth Negative in Q2 2020

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Economic Growth in Q2 2020 (y-o-y)

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Five major Southeast Asian economies recorded negative economic growth in the second quarter of 2020 (year-on-year). Malaysia experienced the sharpest decline, at -17.1%. Thailand, Singapore, and the Philippines also saw their second consecutive quarter of contraction this year.

Indonesia also experienced a similar situation, with its economic growth contracting by 5.32%. Therefore, only Vietnam reported economic growth during April-June 2020, at 0.36%.

Editor : Safrezi Fitra

"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."