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COVID-19 Creating Transformational Growth Opportunities in ASEAN
01-Dec-2020
Asia Pacific
Market Research
9AE5-00-31-00-00
CI00726-AP-MT_24987
Macroeconomic Growth Opportunities in Post-COVID-19 ASEAN covers the positive and negative impacts of the pandemic on the economy of 4 countries—Singapore, Malaysia, Thailand, and Indonesia. COVID-19 was declared a global pandemic by World Health Organization on 11 March, 2020 and is expected to severely impact the global economy. As of early June, 2020, there were more than 6 million positive cases of coronavirus and Thailand was the first country outside China to announce positive cases (on 13 January 2020).
The study forecasts the recovery scenario of each country’s economy. It identifies aviation and tourism as the worst-hit sectors, due to global restrictions in movements. The impact has been positive on the ICT and medical devices industries, with a sudden spike in demand. The study outlines the corresponding economic trends and forecasts for the ASEAN countries.
Various strategic imperatives have been discussed, explaining how the countries can combat COVID-19. Impact of the oil price war inflicted by oil-importing countries in mid-April has also been analyzed.
All 4 countries have announced various stimulus packages worth billions of dollars over the course of the last few months to stabilize the economy. These packages were primarily directed toward saving and creating jobs, supporting SMEs, and helping individuals and households. The study also highlights the important monetary policy measures taken by the countries during COVID-19.
Major shifts in workforce, consumer behavior, and consumer spending have been witnessed, due to the pandemic. As a result, unemployment and poverty in underdeveloped and developing countries are additional concerns. A new normal in each country is set to follow post COVID-19, includes wearing masks and maintaining social distance.
Many countries are opening up their economy in phases, with strict regulations in place. Essential services, food outlets, and retail stores starting their businesses first. However, aviation and tourism are yet to pick up, as global movements are still restricted across countries. Most of the flights in operation are repatriation flights bringing back native citizens from various countries.
Frost & Sullivan continues to track market developments across sectors and geographies.
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
Top Trends
Impact of the Top 3 Strategic Imperatives in ASEAN
Drop in Oil Prices and its Impact on Singapore’s Economy
Drop in Oil Prices and its Impact on Malaysia’s Economy
Drop in Oil Prices and its Impact on Thailand’s Economy
Drop in Oil Prices and its Impact on Indonesia’s Economy
Growth Opportunities Fueling the Growth Pipeline Engine™
Scope of Analysis—ASEAN
ASEAN Segmentation
COVID-19 Impact
Top 4 Growth Opportunities in Singapore
Top 4 Growth Opportunities in Malaysia
Top 4 Growth Opportunities in Indonesia
Top 4 Growth Opportunities in Thailand
Top 5 Economic Growth Opportunities in ASEAN
COVID-19 Impact on World GDP Growth
COVID-19 Impact on Key Regions
Forecast Scenarios for ASEAN
Key Growth Metrics for ASEAN
Key Growth Metrics for ASEAN (continued)
COVID-19—GDP Growth Outlook: Singapore
COVID-19—GDP Growth Outlook: Malaysia
COVID-19—GDP Growth Outlook: Thailand
COVID-19—GDP Growth Outlook: Indonesia
COVID-19—Sectors Affected in Singapore: Aviation
COVID-19—Sectors Affected in Singapore: Construction
COVID-19—Sectors Affected in Singapore: Hotels
COVID-19—Sectors Affected in Thailand: Aviation
COVID-19—Sectors Affected in Thailand: Tourism
COVID-19—Sectors Affected in Malaysia: Aviation
COVID-19—Sectors Affected in Malaysia: Retail
COVID-19—Sectors Affected in Malaysia: Tourism
COVID-19—Sectors Affected in Indonesia: Aviation
COVID-19—Sectors Affected in Indonesia: Retail
COVID-19—Sectors Affected in Indonesia: Tourism
Country-specific Economic Stimulus Measures—Singapore
Country-specific Economic Stimulus Measures—Singapore (continued)
Country-specific Economic Stimulus Measures—Thailand
Country-specific Economic Stimulus Measures—Thailand (continued)
Country-specific Economic Stimulus Measures—Malaysia
Country-specific Economic Stimulus Measures—Malaysia (continued)
Country-specific Economic Stimulus Measures—Indonesia
Country-specific Economic Stimulus Measures—Indonesia (continued)
Country-specific Monetary Policy Measures—Singapore
Country-specific Monetary Policy Measures—Thailand
Country-specific Monetary Policy Measures—Malaysia
Country-specific Monetary Policy Measures—Indonesia
ASEAN Economic Trends and Predictions
Growth Opportunity 1: Investment in Healthcare for Increased Demand of Medical Devices and Telemedicine
Growth Opportunity 1: Investment in Healthcare for Increased Demand of Medical Devices and Telemedicine (continued)
Growth Opportunity 2: Engaging Customers Through Online Platforms for Increasing Online Retail Sales
Growth Opportunity 2: Engaging Customers Through Online Platforms for Increasing Online Retail Sales (continued)
List of Exhibits
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| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Fatemeh Dehdar |
| Industries | Cross Industries |
| WIP Number | 9AE5-00-31-00-00 |
| Is Prebook | No |
| GPS Codes | 9A6B |
Transformative Post-COVID-19 Trends and Growth Opportunities in ASEAN
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