Analysis of the Impact of Photo Retouching

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Looking back at the impact of SARS, SARS had different effects on Southeast Asia. From the figure, we can see that the annual GDP growth rate was the most affected except for Singapore, Thailand, Indonesia, and Malaysia declined slightly, and the annual GDP growth rate of Vietnam and the Philippines did not decline significantly. 3 Photo Credit: MacroMicro Finance M Squared The annual growth rate of exports has no obvious impact. The reason is that in 2003, China accounted for only about 5% of Southeast Asia's exports.
Take Thailand as an example. Thailand had a relatively close trade relationship with the United States and Japan at that time (the United States and Japan were not affected by SARS). Therefore, The slowdown in photo retouching Chinese demand has not severely hit the Southeast Asian economy .4 Photo Credit: MacroMicro Finance M Squared 5 Photo Credit: MacroMicro Finance M Squared From the perspective of the stock market, except for Vietnam's obvious decline, the stock markets of various countries fluctuated within a range, and there was no drastic reaction.

Overall, SARS had little impact on the Southeast Asian economy at that time. 6 Photo Credit: MacroMicro Finance M Squared Judging from the experience of SARS, this Wuhan pneumonia is a short-term impact, but it is expected that the impact of Wuhan pneumonia on Southeast Asia will be more severe than that of SARS, mainly because China plays an increasingly important role in Southeast Asia, and China's economic weakness will seriously affect Southeast Asia's economy. . See the analysis below for details. The economic linkage between Southeast Asia and China/East Asia is high ,and the impact of Wuh