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The report forecast that total regional GDP would drop by 4.2% while there remains not sure for regional economic recovery in the next quarters especially Q4.
Specifically, economies which properly controlled outbreaks like Thailand and Viet Nam would bounce back in a stronger manner than Indonesia and the Philippines which are struggling with new waves of COVID-19 infections when travel restrictions were early eased.
Earlier, the Vietnamese Government was set to lower this year's economic growth target to 2% to 2.5%, after the COVID-19 pandemic led to a global slowdown that hit the country's exports, inbound tourism and foreign direct investments./.
By Kim Anh