Jakarta –
The Corona virus pandemic (COVID-19) has caused a number of countries to collapse and fall into the abyss recession. However, there are still some countries that are predicted to survive and survive the recession.
Reported CNN Indonesia, Monday (9/21/2020), the following countries are predicted to be immune from recession:
1. China
In the first quarter of 2020, China’s economy contracted up to 6.8% and was the lowest since the end of the country’s cultural revolution in 1976. However, in the second quarter of 2020, their economy rebounded and was able to grow up to 3.2%.
The Economist calls China the only major country that will expand in 2020. Meanwhile, other big countries, such as the United States (US) and South Korea, are expected to face another economic correction until the end of the year, although it will not be as deep as predicted.
2. Vietnam
Vietnam’s success in controlling the spread of the Corona virus is believed to be able to maintain its economic growth on a positive path.
In the second quarter of 2020, Vietnam’s economy was still able to grow by 0.36% despite being the lowest since quarterly records began in the country 30 years ago.
3. Turkmenistan
In the second quarter of 2020, the country still recorded economic growth. GDP in Turkmenistan is expected to reach US $ 40.50 billion by the end of 2020. In the long term, the GDP of Turkmenistan is projected to be on a trend of around US $ 41.50 billion by 2021.
Until now, the positive growth achieved by the country is due to the fact that there are still no COVID-19 cases. This makes economic activities run as usual and is not affected by social restrictions.
4. Pakistan
Pakistan’s Ministry of Finance reports that the six-month cycle of economic contraction is coming to an end and economic growth will start to positive in July after seeing an increase in inflation from the price of petroleum products.
To note, Pakistan does not report economic growth figures every three months like other countries. However, the Ministry of Finance said in the previous fiscal year, there was a small but positive growth of around 1% in the first quarter.
Economic growth in the second quarter accelerated to 2.58%, but changed in the third quarter to 0.19% following the COVID-19 pandemic.
The Economist noted that so far this year, Pakistan’s economy has corrected, but it remains on a positive path, namely by 0.5%. Pakistan’s Ministry of Finance is optimistic that the economy will remain in positive territory until the end of the year.
(dna / dna)
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