Sumary of Outbreaks of covid-19 leave South-East Asia with little policy room:
- There the manufacturing purchasing-managers’ index, a gauge of activity in the sector, fell to 39.9 in June, the lowest since April 2020. (A figure below 50 indicates contraction.
- Faced with this dire economic picture, Phuket has reopened to some vaccinated foreign tourists, a move that Prayut Chan-o-cha, the Thai prime minister, described bluntly last month as a “calculated risk”.
- Central banks in Indonesia and the Philippines even joined those in rich countries in pursuing modest bond-buying schemes.