Investor Presentaiton
Projected economic rebound across Asia in 2021
2020 GDP growth
2021 GDP growth
+2.3
+9.1
China
+3.5
+2.9
|| UOB
Trade volume returning to pre-COVID levels
(Dec'19 = 100)
115
100
85
70
+6.7
Feb-19 Jun-19
Oct-19 Feb-20 Jun-20 Oct-20
Feb-21
-World trade
Emerging Asia, ex China export
Thailand
Advanced economies' export
Sources: Macrobond, UOB Economic-Treasury Research
Vietnam
-6.1
+5.0
Retail sales at pre-COVID level in China, to pick up elsewhere
120
(Dec 2019-100, 3mma)
CN, 105
+5.5
Malaysia
100
TH, 98
-5.6
MY, 96
SG, 95
+4.0
80
Singapore
ID, 81
-5.4
60
Mar-19
Jul-19
Nov-19
Mar-20 Jul-20 Nov-20
Indonesia
-2.1
Source: UOB Global Economics & Markets Research forecasts
Note: CN: China: ID: Indonesia; MY: Malaysia; SG: Singapore, TH: Thailand;
3mma: 3-month moving average
Sources: CEIC, UOB Economic-Treasury Research
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