On November 18, AMRO Deputy Director Wenxing Pan highlighted the recent COVID-19 developments in the ASEAN+3 region, as well as the amendments to the CMIM to strengthen the region’s financial safety net during his presentation for the UNESCAP Virtual Expert Group Meeting.
Hong Kong’s economy and financial system remain resilient despite pronounced deterioration of growth and employment conditions due to the COVID-19 pandemic, though the recurrence of the pandemic remains the top risk plaguing the economy.
China was the first epicenter of the COVID-19 virus outbreak and its economy was hit severely by the pandemic. That said, all the economic forecasts for China now point to positive growth for 2020, with the strong recovery momentum continuing into 2021. What are the factors behind this remarkable development and positive outlook?