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Economy

Vaccines seen helping Singapore and Indonesia rebound: survey

Economists cut 2021 growth forecasts for Malaysia, Philippines and Thailand

Tanjung Priok Port in Jakarta. Analysts revised up Indonesia's economic growth for 2021.   © Reuters

TOKYO -- Asian economists have revised upward their growth forecasts for the economies of Singapore and Indonesia, thanks to quicker rollouts of coronavirus vaccines, a recent survey shows.

The Japan Center for Economic Research and Nikkei conducted a quarterly survey from Mar. 5 to 26, collecting a total of 40 answers from economists and analysts in India and the five biggest members of the 10-nation Association of Southeast Asian Nations -- Indonesia, Malaysia, the Philippines, Singapore and Thailand.

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