- 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.
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