A closed store in the Old Quarter in Hanoi. The resurgence of the Covid-19 virus in Vietnam and other Asean nations underscores the difficulties governments face not only in battling waves of the pathogen but doing so while trying to preserve economic growth. — Bloomberg
AS we enter the third quarter of the year, much has been understood about Covid-19 since it first emerged. Around the world, countries are getting better at managing the spread of the virus, but the battle against rising or resurging cases continues, including in parts of Asean. When the pandemic will come to an end remains unknown.
Beyond the human costs, the pandemic has taken a toll on the world’s economy. The growth outlook for the region has been further revised downward, from initially a 1% growth at the start of the pandemic, to a 2.7% contraction and now a 3.8% contraction.
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