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Trade, factories to fuel Asean-6 economic recovery; retail sales a drag: report

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Trade and manufacturing are driving the Covid-19 economic recovery in the Asean-6 region, according to analysis by Oxford Economics. It estimated that the economy contracted by a combined 1.5 per cent in Indonesia, Malaysia, the Philippines, Thailand, Singapore and Vietnam in Q1 2021 – a pickup from the 3 per cent decline in Q4 2020.

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