Surging infections across South East Asia and the slow progress of vaccine rollouts mean that COVID-19 will continue to cause widespread economic disruption across large parts of the region until at least the end of the year. We have cut our GDP growth forecasts for a number of countries. Interest rates in many countries are at record lows. Whereas the consensus and financial markets are expecting many central banks to start tightening policy in 2022, we think rates will remain at their current levels in most countries until at least the end of next year. Korea is an important exception. Tightening there is imminent.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services