Outbreaks of covid-19 leave South-East Asia with little policy room

outbreaks of covid 19 leave south east asia with little policy room

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.

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