Southeast Asia faces long road back to previous growth: survey

The Philippines will see the largest decline in average annual gross domestic product growth in the three years ending 2022. - Bloomberg

MANILA (Bloomberg): The prolonged Covid-19 pandemic is clouding economic projections for Southeast Asia, with most countries not expected to return to pre-pandemic growth levels for several years.

The Philippines will see the largest decline in average annual gross domestic product growth in the three years ending 2022 -- more than five percentage points -- compared to 2019, the last full year before the outbreak, according to median estimates of economists surveyed by Bloomberg.