IMF says Asia's economy will shrink 'for the first time in living memory' due to the coronavirus

The region is still in a better shape compared to other parts of the world, but a weaker global economy has made it difficult for Asia to grow, Changyong Rhee, director of the Asia and Pacific department at IMF, told CNBC's "He said "Asia cannot be an exception" when the whole world is suffering from the effects of the coronavirus pandemic. The IMF last month

Asia was the first region to be hit by the coronavirus disease — or Covid-19 — which first emerged in the Chinese city of Wuhan. After the virus spread globally, many governments imposed measures that restrict people's interactions and movements, which severely reduced economic activity. "Even if we develop new medical solutions, the recovery of ... contact-intensive sectors will be slow, tourism for example. So because of that, I think Asia's recovery will be protracted," he said.

Not as bad as in US.

pegangan jon

コロナがあと数年続くなら大恐慌に匹敵する時代の転換点かも知れない。米国の覇権に限りが見え、チャイナが挑戦者として現れた。戦後アメリカが作った国際インフラ機関が制度疲労を起こし、チャイナはフリーライドに徹している。大動乱が予想される中で、9条すら改正できない無防備の日本。どうする。

SOME SAY I DON'T THINK SO.....TRUMP KNOWS HOW TO HANDLE AMERICA....WE WILL BOUNCE RIGHT BACK. GOD BLESS AMERICA.

And Chinese economy is still growing.

But I betcha the markets keep flying high!!

Choice isnt really the issue when it comes to why kids failing science and math its how subjects are taught. Early learning about memory work focus discipline. Numeracy language awareness basic facts methods replaced by creative fun not working for average IQ kids

Just asking... Can people work together? The planet is on fire.

Undoubtedly yes they economy is shrinking as some had closed-down quietly!

We got central banks. Screw IMF

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