Southeast Asia’s Job After Covid-19: Grow Their Way Out
Enormous budget deficits will require new tactics
| Sep 23, 2020 | 1 |
By: Pratiwi Kartika
Southeast Asia has entered a new policy arena, with countries forced inevitably to adopt enormous budget deficits this year and most likely for the next few. Indonesia, the Philippines, Singapore, and Malaysia have ratios of budget deficits to GDP at 6.3 percent, 8.4 percent, 15.4 percent, and 5.9 percent respectively, their highest i…