COVID-19 could alter trajectory of ASEAN's digital economy growth, says World Bank economist

COVID-19 could alter trajectory of ASEAN's digital economy growth, says World Bank economist

Richard Record, lead economist for Malaysia at the World Bank

The shifts in consumer behaviour due to the COVID-19 outbreak are expected to alter the trajectory of digital economy development in ASEAN economies, said a World Bank economist.

Digital services and applications such as mobile payments, food delivery, online shopping, social media, instant messaging, and online entertainment have helped people in isolation (or under lockdown) to feel connected and remain socially and economically active.

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