Asia Competitiveness Institute, Lee Kuan Yew School of Public Policy, National University of Singapore
A year into the COVID-19 pandemic, Indonesia’s economy shows signs of recovery in 2021: The country has seen a 3.2 percent annual GDP growth this year, compared to a contraction of 2.1 percent a year earlier. The 2021 growth is mainly driven by the Information and Communication Technology (ICT) and wholesale and retail trade sectors. […]
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This annual study analyses the cost of living, wages and purchasing power for expatriates and ordinary residents across 104 major cities in the world. In this edition, ACI has found that New York, Los Angeles, Zurich, Hong Kong, and Geneva continued to be the top-5 cities in the ranking for expatriates’ living costs. Whereas, for […]
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2021 has tested the ability of the AMS to weather a crisis. As the COVID-19 pandemic drags on, disruptions to the global economy continue to cast a shadow upon the development of ASEAN. Amidst this, the economies of ASEAN have made the digital economy a key component of their strategy to achieve a new phase […]
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2021 was a tough year for many Indian households, the national healthcare system, and the government due to the second wave of the COVID -19 outbreak. The ‘Delta’ variant outbreak dampened the country’s economic recovery. However, the impact of the second wave on economic growth was less adverse than the previous one. After contracting by […]
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The second year into COVID-19 has witnessed the continued disruption of the global supply chain. Despite the challenges from international uncertainties, China has continued to support globalisation through statements and actions and further opened up its economies. In 2021, China’s total trade volume and realised foreign direct investment (FDI) reached RMB 39.1 trillion and RMB […]
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Nepal has witnessed significant economic and political events during the past 2 decades. The country’s government system has transitioned from a monarchy to republic and eventually a federal structure. Furthermore, the 2015 Earthquake and the COVID-19 pandemic further altered the country’s overall course of policy priorities. Currently, Nepal has entered its second cycle of federal […]
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The study on the competitiveness of 34 sub-national Indonesian economies by ACI is committed to tracking the country’s diverse progress. This objective has been fundamental in light of the COVID-19 pandemic that has affected the archipelagic nation in different ways. Indonesia’s economy received an unprecedented shock because of the COVID-19 pandemic. Prior to the pandemic, […]
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Despite being hit by the COVID-19 pandemic, China’s economy expanded by 2.3 percent in 2020. The government effectively controlled the spread of the coronavirus through strict lockdowns and other social distancing measures. Fewer face-to-face activities also led to increased online activities and, therefore, a burgeoning digital economy. For the successes it achieved despite a health […]
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India has been severely impacted by the COVID-19 pandemic. The nationwide lockdown imposed during April and May 2020 had an adverse impact on the manufacturing, construction, mining, trade, tourism and transportation industries. This led to the contraction of the quarterly GDP by 23.9 percent in the April-June quarter of 2020. To counter the adverse economic […]
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