The virus situation in Emerging Asia has improved compared with a month ago. Although cases are rising sharply in Indonesia, daily numbers have come down in Taiwan, Singapore, India and Malaysia, and appear to have stabilised in the Philippines. That said, the situation remains serious. The more contagious Delta variant now appears prevalent across the region, which suggests countries will need to be cautious about how quickly they loosen restrictions. And while vaccine rollouts have gathered pace in a number of countries, it is only in Singapore, China, Hong Kong and Cambodia where more than 10% of the population is fully vaccinated. The upshot is that whereas life appears to be returning to normal in the US and most of Europe, COVID-19 will continue to cause significant economic disruption throughout this year across large parts of Emerging Asia.
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