New York, December 28, 2020 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of the “Transformative Post-COVID-19 Trends and Growth Opportunities in ASEAN” report – https://www.reportlinker.com/p06000028 /? utm_source = GNW
In early June, 2020, there were more than 6 million positive cases of coronavirus and Thailand was the first country outside China to report advanced cases (as of January 13, 2020). The study predicts the state of economic recovery of each country. It identifies aviation and tourism as the worst-hit regions, due to global restrictions in movements. The impact has been positive on the ICT and medical device industries, with strong demand. The study describes the corresponding economic trends and forecasts for ASEAN countries. Broad strategic requirements were discussed, explaining how the countries can combat COVID-19. The impact of the oil price war brought by oil importing countries in mid-April was also analyzed. All 4 countries have announced several billion dollar incentive packages over the past few months to stabilize the economy. These packages were specifically geared 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 the COVID-19 era. Many trends in staffing, consumer behavior, and consumer spending have been observed, as a result of the pandemic. As a result, unemployment and poverty in underdeveloped and developing countries are further concerns. It is expected that a new norm in each country will follow the post of COVID-19, including the wearing of masks and the maintenance of social distance. Many countries are opening their economies in stages, with strict rules in place. Essential services, food outlets, and retail stores start their businesses first. However, aviation and tourism are still to be built, as global movements are still restricted across countries. Most of the flights operate as reconnaissance flights bringing back indigenous citizens from several countries. The analyst continues to monitor market developments across sectors and geographies.
Read the full report: https://www.reportlinker.com/p06000028/?utm_source=GNW
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