News Snapshot:
Filipinos work at the assembly line of Kinpo Electronics factory in Malvar, Batangas in the Philippines [File: Erik De Castro/ AFP] Coronavirus-ravaged economies across the Asian Pacific will contract this year for the first time since the early 1960s, and a "swoosh-shaped" recovery next year could be derailed by a prolonged pandemic, the Asian Development Bank forecast on Tuesday. Developing Asia - stretching from the Cook Islands in the Pacific to Kazakhstan in Central Asia - is expected to contract by 0.7 percent in 2020, marking "the first regional GDP contraction since the early 1960s" and throwing tens of millions...
