Tag: Growth rate

Asia to stall at 0% growth in 2020 for 1st time in 60 years: IMF

International Monetary Fund’s (IMF) report titled ‘COVID-19 Pandemic and the Asia-Pacific Region: Lowest Growth Since the 1960s’ stated that Asia will stall at 0% growthin 2020 for the 1st time in 60 years which includes the Global Financial Crisis (4.7%) and the Asian Financial Crisis (1.3%). It also stated that the region will be “severe and unprecedented” due to the impact of the pandemic & Asia is still doing better than other regions in terms of activity.