Widespread outbreaks limits economic recovery
Economic growth in the second quarter, thanks to a low-base effect from last year, is considered a key driver for an ambitious growth target in 2021. However, a scenario of a 2Q21’s high-growth performance has been cast aside with the COVID-19 resurgence. The services area is getting the hardest hit this time with strictly social-distancing measures, while the industrial sector faces short-term disruptions in some key industries. Besides, an external driver like export is also slowing down in 2Q21. Looking ahead, a rough start for the rest of 2021 is just beginning.