ASEA - ASEAN Economies Hit Hard By Escalating Covid Delta Waves

• Many Southeast Asian economies have continued to be hammered by escalating new COVID-19 Delta waves during August.
• The economic recovery that was underway in Southeast Asia during the latter part of 2020 and early 2021 has been increasingly impacted by widespread lockdowns that have disrupted industrial production and consumption spending.
• Over the long term, despite the severe recession caused by the COVID-19 pandemic, the ASEAN region is expected to continue to be one of the fastest growing regions of the world economy.

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