India registered the fifth consecutive quarter of positive growth in the third quarter of FY22. The GDP grew by 5.4%, as economic activity returned to near-normal after the easing of COVID-related disruptions.
India’s economy recovered with a 8.4% growth in Q2 FY22, as the pandemic situation improved
India’s economy accelerated in the July-September quarter of 2021, as GDP growth reached 8.4% YoY. The drop in new Covid-19 cases along with the reopening of businesses helped contribute to the increase.
Indonesia registered a 3.69% GDP growth in 2021, compared to the year before
Powered by the recovering domestic demand, a further easing of COVID-19 curbs, and the global commodity boom, Indonesia’s GDP growth in the last quarter of 2021 accelerated to 5.02% (YoY).
China’s economic growth slowed to 4% in Q4 2021, reaching 8.1% in growth for the whole year
China’s economy slowed down in Quarter 4 of 2021, as gross domestic product growth came in at 4% (YoY). The downturn in real estate combined with a series of new COVID-19 outbreaks in the last months of 2021 disrupted the growth of the economy.
Vietnam’s GDP rebounded sharply in Q4 2021, as factory activities accelerated
Vietnam’s GDP grew by 5.22% (YoY) in Q4, 2021, thanks to eased COVID-19 restrictions and the recovering of economic activities. A strong recovery was witnessed in all key sectors in the country. For the whole year, the country’s GDP grew by 2.58% – a substantial result, given the severe impact that the pandemic had on the country during 2021.
Affected by COVID-19, India still set a record for FDI flows in April-June 2021
Even as a second wave of COVID-19 struck the country, India’s economy got back on track in the April-June quarter, with growth of over 20% YoY.
Indonesia witnessed a drop in GDP growth to 3.51% (YoY) in Quarter 3, 2021
As harsh lockdowns to contain COVID-19 spikes outweighed the effect of higher commodity prices and trade, Indonesia’s GDP only recorded a 3.51% growth (YoY) in Quarter 3 of 2021, showing a significant slowdown from Quarter 2’s growth of 7.07% (YoY).
Vietnam’s GDP slumped to 6.17% (YoY) in Q3 following COVID-19 curbs
Vietnam’s GDP growth slumped to 6.17% (YoY) in the third quarter of 2021, marking the first decline since 2000. The decline is attributed to stringent pandemic policies across key areas over the past few months, including business hub Ho Chi Minh City.
China’s economy grew 4.9% in Q3 2021, the slowest growth rate in a year
China’s economy decelerated in the third quarter of 2021, as gross domestic product growth came in at 4.9% (YoY). Zero-tolerance COVID measures and major energy crunch softened economic growth to the weakest rate since the third quarter last year.
Indonesia’s economy recorded the strongest growth in more than a decade in Q2
In the second quarter of the year, Indonesia pulled out of the COVID driven recession, and recorded its strongest quarterly growth rate in 17 years. However, the country is now expected to suffer a setback due to the recent spread of the newer Delta variant.
