EWM

Among Southeast Asia's major economies - ASEAN-6 - Indonesia and the Philippines have currently almost 360,000 confirmed COVID-19 cases each. According to WHO's models, the real number could be 3.5 million or more.If the modeled estimates are some 10 times higher than the confirmed cases, the longer-term human costs and economic damage could prove significantly more burdensome than currently anticipated.Among the ASEAN-6 economies, only Vietnam is expected to avoid a contraction in 2020, in part thanks to US trade and technology war against China. Improved GDP growth has been fueled by recovery in exports, which has benefited from offshored manufacturing capacity from China. Yet, foreign investment flows have fallen.

Today we are launching Bloomberg Wealth to help you manage your finances, live your best life and navigate your path to prosperity. That sentiment may seem to sit at odds with the bleakness of this year, but we believe these volatile times make our mission more necessary.

European regulators are set to start an accelerated review of a Covid-19 vaccine front-runner from the University of Oxford and AstraZeneca Plc, even as the U.S. Food and Drug Administration is reported to have widened its investigation into a trial participant who fell ill.