CLMV Outlook by EIC Q4/2020

CLMV OUTLOOK
02 November 2020

LINE_sharebutton[1]-(1)-(1).JPG

The CLMV economies showed signs of rebounding from their trough in 2Q20 due to the easing of lockdown measures during May-June 2020. In the second half of 2020, the COVID-19 outbreak was contained in Cambodia and Laos, but Vietnam and Myanmar have been hit by a resurgence of the virus. Using regional lockdowns, Vietnam successfully re-contained the pandemic in August. On the other hand, Myanmar has been impacted by a soaring number of cases since September. In addition to ongoing impacts from rising unemployment and slow global demand, different degrees of COVID-19 resurgence, the effectiveness of containment measures, and country-specific factors will likely cause an already slow and uneven CLMV economic recovery to diverge even more. Vietnam’s recovery is on track with strong exports. In addition to COVID-19, the partial withdrawal of EBA privileges should exacerbate Cambodia’s external demand issues. Laos’ limited fiscal space and increased risks of debt distress will likely continue to slow down its economy. Lastly, Myanmar’s recent COVID-19 resurgence and lockdown re-tightening will likely result in a slower-than-expected recovery for FY2020/21.

Info_CLMV_4Q2020_EN.jpg




 

engfullreport.jpg
Share
Register for free account to continue enjoying content
Email notifications of breaking news and more Access to all past publications Other privileges
Log in
For new registration, if you didn't get the activation email within 10 minutes, please try check it in your junk folder or request the activation email
Request the activation email
Don't have an account?
Register
Email notifications of breaking news and more
Access to all past publications
Other privileges
Forgot your password?
Enter your email address below and we'll send you a link to reset your password.
change
If you are experiencing problems resetting your password contact us or send us an email
Don't have an account?
Register
Email notifications of breaking news and more
Access to all past publications
Other privileges
Unlock account
Enter your email to unlock your account. You will receive an email with instructions on how to reset your account.
change
If you are experiencing problems resetting your password contact us or send us an email
Don't have an account?
Register
Email notifications of breaking news and more
Access to all past publications
Other privileges
Request the activation email
Enter your email to receive a verification link again.
change
If you are experiencing problems resetting your password contact us or send us an email
Don't have an account?
Register
Email notifications of breaking news and more
Access to all past publications
Other privileges