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Asia Forecast Short-term Forecast on Asian Economies
（June 2020 forecast /2020Q2-2022Q1）
China in 2020 will be Negative Growth due to Weak External Demand
―ASEAN4 is severely Effected by Lockdown―
2020/06/05
JCER released June 2020 forecast on Asian Economies.
China/ASEAN4 Economic Outlook
- China's 2020 Q1 real GDP contracted by 6.8%. Manufacturing output and consumption have been gradually recovered since April. However deteriorating external demand puts downward pressure on output, we expect that China’s growth rate in 2020 Q2 is also negative. China’s GDP is projected to contract by 0.2% in 2020 and to rebound by 9.1% in 2021.
- ASEAN4’s economy is also negatively affected by lockdown. The overall growth rate of ASEAN4 is projected to be significantly negative in 2020 Q2, nearly 8%. There countries are turning to economic resumption, but the growth rate is expected to fall to -3.0% in 2020, then increase to 6.4% in 2021.
【China/ASEAN4 Economic Outlook】
Past forecasts (-2018) are available HERE.
- 2021/12/22
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Moderate recovery in China and ASEAN4 supported by private consumption
Short-term Forecast on Asian Economies December 2021 forecast 2021Q4-2024Q1
- 2021/12/15
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China to become the world’s largest economy in 2033
-- Korea set to overtake Japan in 2027 in terms of GDP per capita
Medium-Term Forecast of Asian Economies December 2021 Issue 2021-2035
- 2021/10/25
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$1.7 trillion lost because of COVID-19 crisis in Asia
-- In 2020, the service industry suffered a serious setback
-- Growing debt may have a medium-term negative effectMedium-Term Forecast of Asian Economies
- 2021/09/15
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A Pause in Economic Recovery Caused by the Delta Variant
Short-term Forecast on Asian Economies September 2021 forecast 2021Q3-2023Q1
- 2021/06/15
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Robust External Demand will Support China and ASEAN4
Short-term Forecast on Asian Economies June 2021 forecast 2021Q2-2023Q1
