Coronavirus to bring Asia's 2020 growth to halt for first time in 60 years: IMF
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February 04, 2023

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SATURDAY, FEBRUARY 04, 2023
Coronavirus to bring Asia's 2020 growth to halt for first time in 60 years: IMF

Global Economy

TBS Report
16 April, 2020, 09:25 am
Last modified: 16 April, 2020, 01:03 pm

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Coronavirus to bring Asia's 2020 growth to halt for first time in 60 years: IMF

The IMF added that if containment policies are effective, there will be a rebound in growth in 2021

TBS Report
16 April, 2020, 09:25 am
Last modified: 16 April, 2020, 01:03 pm
The International Monetary Fund (IMF) headquarters building is seen ahead of the IMF/World Bank spring meetings in Washington, US, April 8, 2019/ Reuters
The International Monetary Fund (IMF) headquarters building is seen ahead of the IMF/World Bank spring meetings in Washington, US, April 8, 2019/ Reuters

The International Monetary Fund (IMF) said today Asia's economic growth this year will come to a halt for the first time in 60 years.

The lack of growth will be "worse than the annual average growth rates throughout the Global Financial Crisis (4.7%) or the Asian Financial Crisis (1.3%)", it said, BBC reported. 

The IMF added that if containment policies are effective, there will be a rebound in growth in 2021.

The warning comes just days after the World Bank warned South Asia faced its worst economic performance in 40 years because of the virus.
 

Coronavirus chronicle / World+Biz / Top News

Asia / International Monetary Fund (IMF) / growth / halt

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