‘Significant economic pain unavoidable in Asia’: World Bank on coronavirus pandemic
MARCH 31, 2020 8:28:59 AM
The bank said precise growth forecasts were difficult, given the rapidly changing situation, but its baseline now called for growth in developing economies in the region to slow to 2.1% in 2020, and to -0.5% in a lower-case scenario, compared to estimated growth of 5.8% in 2019.
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