East Asian economies face ‘profound’ impact from Covid-19 – World Bank

Report estimates growth could turn negative for the region in “lower-case” scenario

asia-globe-map

Estimates by World Bank economists imply emerging economies in South-east Asia and the Pacific could slip into recession this year, as the coronavirus outbreak is “profoundly affecting” the region.

A report published on March 30 sets out both “baseline” and “lower-case” scenarios for growth and other macroeconomic indicators. On the baseline, most countries avoid negative growth in 2020, except for Thailand and Timor-Leste. But the lower scenario is more severe, with the majority of countries

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account