Countries in Asia to Witness Slow Economic Recovery – IMF


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The International Monetary Fund (IMF) has given a warning that Asia Pacific region will witness slow economic recovery, even as China lead the rest of the globe. As per IMF’s Regional Economic Outlook Report, the analysis has been made in view of the fact that many countries in the region are struggling to come out of the economic impact after the coronavirus pandemic. According to the report, the global financial body stated, “Asia’s economy is expected to contract 2.2 percent this year. That decline is 0.6 of a percentage point larger than its forecast in June, due to sharp slumps...