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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.
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Asean may become the world's fourth largest economy in 2030.
PHOTO: ST FILE
Joo-Ok Lee and Shaun Adam
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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.
