Building Energy Efficiency To Employ ASEAN People

The world has been struggling with the COVID-19 outbreak which has already damaged the global economy, and ASEAN is not an exception. The magnitude of the economic impact is hard to predict and depends largely on the effectiveness of pandemic containment efforts. 

The International Monetary Fund (IMF) projected that the world economy will likely contract at -3 percent while the economies of the ASEAN 5 (Thailand, Singapore, Malaysia, Philippine and Indonesia) is likely to contract at -0.6 percent in 2020, much worse than during the 2008-09 Asian financial crisis. 

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