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Economic outlook for Asia cut by IMF

Economic outlook for Asia cut by IMF

The estimate for Asian economic growth by the IMF has been cut to -2.2% for 2020. Steep contractions in India, Philippines and Malaysia have been cited for the same. The forecast for China was raised to 1.9%. Countries which imposed effective confinement, exit strategies, and contact testing and tracing programs will have better recovery rates than those that haven’t according to the IMF.

Tom A
Tom A
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