Reflections on the Economy of Asean Countries in the Face of the Covid-19 Pandemic

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Bibliographic Information
Journal Journal of Asian Multicultural Research for Economy and Management Study
Title Reflections on the Economy of Asean Countries in the Face of the Covid-19 Pandemic
Author(s) Benson, Linh, Tienne Nhung
Volume 2
Issue 1
Year 2021
Pages 1-5
DOI 10.47616/jamrems.v2i1.74
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Keywords Economic Reflection, Covid-19, Asean
Chicago 16th Benson, Linh, Tienne Nhung. "Reflections on the Economy of Asean Countries in the Face of the Covid-19 Pandemic." Journal of Asian Multicultural Research for Economy and Management Study 2, no. 1 (2021).
APA 6th Benson, L., Nhung, T. (2021). Reflections on the Economy of Asean Countries in the Face of the Covid-19 Pandemic. Journal of Asian Multicultural Research for Economy and Management Study, 2(1).
MHRA Benson, Linh, Tienne Nhung. 2021. 'Reflections on the Economy of Asean Countries in the Face of the Covid-19 Pandemic', Journal of Asian Multicultural Research for Economy and Management Study, 2.
MLA Benson, Linh, Tienne Nhung. "Reflections on the Economy of Asean Countries in the Face of the Covid-19 Pandemic." Journal of Asian Multicultural Research for Economy and Management Study 2.1 (2021). Print.
Harvard BENSON, L., NHUNG, T. 2021. Reflections on the Economy of Asean Countries in the Face of the Covid-19 Pandemic. Journal of Asian Multicultural Research for Economy and Management Study, 2.

Abstract

This article discusses the Economic Reflections of Asean countries in facing the Covid-19 Pandemic in several Asean countries, namely Vietnam, Malaysia and Indonesia. Vietnam's economic growth was victorious, the economies of various countries in other Southeast Asian regions were battered by the corona virus. The process of economic growth is influenced by two kinds of factors, namely economic factors and non-economic factors. Economic factors, which are none other than production factors, are the main force affecting economic growth. Malaysia has proven to the world community that its country is capable of managing its economy even in challenging circumstances. He quoted the IMF as global economy recorded negative growth and in Indonesia it seems that contraction in income activities in some income classes is affected. In the second quarter there is a slowdown, then in the third quarter the savings are enormous. It could be that consumption, which has been a factor in economic growth, will be a challenge. In an effort to maintain economic stability during the Covid-19 pandemic. This reflects that the economies of ASEAN countries, even in the world, are currently under the same pressure due to the Covid-19 virus pandemic, the world economy this year will experience a recession.

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