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IMF warns ASIA's economy growth of 0% in 2020 due to coronavirus

by VTV417 April 2020 Last updated at 14:00 PM

VTV.vn - For the first time in 60 years, Asia's economic growth could drop to 0% in 2020 due to adverse influences of the Covid-19 pandemic, according to forecasts by the International Monetary Fund.

While there is huge uncertainty about 2020 growth prospects, and even more so about the 2021 outlook, the impact of the coronavirus on the region will across the board be severe and unprecedented. Asia has been among the fastest-growing regions in the world.

During previous crises such as the Asian financial crisis in 1997 and the global financial crisis around 2008-2009, the region still registered average growth rates of 1.3% and 4.7%, respectively.

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