Asean is poised for post-pandemic inclusive growth and prosperity - here's why

Asean's outlook remains promising and the region is well on track to become the world's fourth largest economy by 2030.

Asean may become the world's fourth largest economy in 2030. PHOTO: ST FILE
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The Covid-19 pandemic caused global investment activities to fall - due to economic uncertainties, lockdowns, supply chain disruptions and postponement of investment by multinational enterprises.

Asean also recorded a decline in foreign direct investment (FDI) in 2020 to US$137 billion, down from its highest-ever inflow of US$182 billion in 2019 when it was the largest recipient of FDI in the developing world.

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