ASEAN-6 chartbook: Riding out the pandemic
- Most of ASEAN-6 is grappling with the Delta variant COVID wave, necessitating strict curbs
- Vaccination rollouts are slow, except for Singapore, while Malaysia is fast catching up
- Policy environment to remain supportive, led by fiscal, while monetary plays a supporting role
- We have lowered 2021 GDP forecasts of Philippines and Thailand. Vietnam is facing downside risks
- Rates are rising on higher US rate expectations; FX broadly weaker on tough growth outlook
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