The IMF upgraded China’s growth forecast to 1.9 per cent for 2020, due to faster-than-expected recovery in the second quarter. Photo: AFP The IMF upgraded China’s growth forecast to 1.9 per cent for 2020, due to faster-than-expected recovery in the second quarter. Photo: AFP
The IMF upgraded China’s growth forecast to 1.9 per cent for 2020, due to faster-than-expected recovery in the second quarter. Photo: AFP

Coronavirus ‘economic scarring’ a near certainty for Asia-Pacific as IMF trims 2020 forecast

  • The IMF estimates the Asia-Pacific economy to contract 2.2 per cent in 2020, before rebounding to post growth of 6.9 per cent in 2021
  • Possible resurgence of Covid-19 and growing tensions between China and the US pose threats to economic recovery, it says

Topic |   International Monetary Fund (IMF)
The IMF upgraded China’s growth forecast to 1.9 per cent for 2020, due to faster-than-expected recovery in the second quarter. Photo: AFP The IMF upgraded China’s growth forecast to 1.9 per cent for 2020, due to faster-than-expected recovery in the second quarter. Photo: AFP
The IMF upgraded China’s growth forecast to 1.9 per cent for 2020, due to faster-than-expected recovery in the second quarter. Photo: AFP
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