Singapore has announced several tough new measures to contain a sudden jump in COVID-19 infections. The restrictions will cause economic activity to drop in the near term, but the falls should be relatively small and GDP should rebound strongly once they are lifted.
Meanwhile, labour market data for Korea published earlier this week suggest that the economy continued its recovery in April, but that virus concerns are still weighing on the recovery.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services