Resurgence of Covid infections has been economically disruptive to several economies of Asia. Fiscal costs are rising this year, on top of the record debt incurred in 2020.

Group Research – Econs 31 May 2021

  • Thailand is dealing with infection resurgence with a fiscal package amounting to 3% of GDP
  • Malaysia is on its sixth fiscal package since the pandemic began
  • Singapore’s relatively modest fiscal support, reflects pandemic situation under control
  • Pandemic management and fiscal necessities go hand in hand