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ADB identifies 5 sectors to help ASEAN+3 in post-pandemic growth

ASEAN+3. Joint webinar of Asian Development Bank (ADB) and Association of Southeast Asian Nations (ASEAN)+3 Macroeconomic Research (AMRO) on Friday (May 13, 2022). The ADB identifies tourism, agro-processing, garments, electronics, and digital trade as new growth drivers for the 10 ASEAN members and China, Japan, and South Korea. (Screenshot from ZOOM meeting) MANILA - The Asian Development Bank (ADB) has identified five key sectors that will propel post-coronavirus disease 2019 (Covid-19) economic growth for Association of Southeast Asian Nations (ASEAN)+3 countries, including the Philippines. In a joint webinar of the ADB and ASEAN+3 Macroeconomic Research (AMRO) on Friday, ADB Southeast Asia Department senior economist James Villafuerte said the sectors of tourism, agro-processing, garments, electronics, and digital trade will be the new drivers for growth for the 10 ASEAN member states, China, Japan, and South Korea. Villafuerte said ASEAN+3 countries have to address challenges in ....

South Korea , Toshinori Doi , James Villafuerte , Southeast Asia Department , Macroeconomic Research , Association Of Southeast Asian Nations , Asian Development Bank , Southeast Asian Nations , Asia Department , Asean 3 Joint Webinar Of Asian Development Bank Adb And Association Southeast Nations Macroeconomic Research Amro On Friday May 13 , 022 The Adb Identifies Tourism , Agro Processing , Nd Digital Trade As New Growth Drivers For The 10 Asean Members And China , Nd South Korea Screenshot From Zoom Meeting Manila The Asian Development Bank Adb Has Identified Five Key Sectors That Will Propel Post Coronavirus Disease 2019 Covid 19 Economic Growth For Association Of Southeast Nations Asean 3 Countries , Ncluding The Philippines Ina Joint Webinar Of Adb And Asean 3 Macroeconomic Research Amro On Friday , Db Southeast Asia Department Senior Economist James Villafuerte Said The Sectors Of Tourism , Nd Digital Trade Will Be The New Drivers For Growth 10 Asean Member States , Nd South Korea Villafuerte Said Asean 3 Countries Have To Address Challenges In These Sectors Which Are Already Present Before The Covid 19 Pandemic , Hile Also Introducing Policies To Adopt The Challenges Brought By Global Health And Economic Crisis In Tourism , E Cited That Major Challenges Of The Sector Pre Covid 19 Are Structural Imbalances , Infrastructure Gaps , Arge Share Of Informal Employment , Nd Low Average Spend Per Tourist The Adb Recommends That Governments In Region Should Pursue Policies Will Restore And Build New Channels Of Demand , Uild Capacities To Support Future Demand , Nd Increas The Resilience Of Tourism Sector Governments In Asean 3 Countries Need To Address Existing Challenges Agro Processing Industry Such As Inconsistent Supply Raw Materials , Ow Level Of Automation And Technological Adoption ,