Asia suffering "worst recession in living memory"

Asia suffering "worst recession in living memory"

From bbc.com

Asia Pacific is set to recover from its worst recession in living memory, the International Monetary Fund (IMF) says. Growth forecasts for the region have been downgraded again, this time from -1.6% to -2.2% for this year. However, the glimmer of hope is for a bounceback of almost 7% next year, according to the IMF. China will play a big part in the region's growth next year, with its latest data showing continued recovery from the downturn caused by the virus. But there are still many black clouds on the horizon as countries, including India, the Philippines and Malaysia, continue to battle with Covid-19 infections. ... (full story)

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