3.7 SOUTHEAST ASIA

In 2020, the GDP of the six Association of Southeast Asian Nations (ASEAN) countries (Vietnam, Thailand, the Philippines, Singapore, Malaysia, and Indonesia) fell to the lowest level in 20 years. Vietnam, which successfully controlled the spread of infection relatively quickly, achieved moderately positive growth of 2.9%. Growth dropped 2.1% in Indonesia, 5.4% in Singapore, 5.6% in Malaysia is, 6.1% in Thailand, and 9.5% in the Philippines.