World Bank forecasts Asia’s 2020 GDP at weakest in over five decades amid coronavirus pandemic

“East Asia and Pacific region seen at 0.9% in 2020, its lowest rate since 1967, due to impact from the COVID-19 pandemic.”

“China is expected to grow by 2.0% in 2020, while rest of East Asia and Pacific region is projected to contract by 3.5%.“

'Triple shock' in developing East Asia and Pacific region from the pandemic, as well as the economic impact of containment measures and global recession.”

“It sees an increase of as many as 38 million people in poverty in the region in 2020.”

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