WASHINGTON, March 31 (Xinhua) -- International Monetary Fund (IMF) chief said Tuesday that the multilateral lender remains "very concerned" about the negative outlook for global growth in 2020 and in particular about the strain a downturn would have on emerging markets and low-income countries.
HONG KONG -- China's economy likely contracted by 3.7% in January-March quarter and will slow to 3.3% growth for all of 2020 as the coronavirus pandemic takes its toll, according to the consensus forecast of economists survey by Nikkei and Nikkei Quick News.
The US economy will shrink far more than expected as the coronavirus outbreak halts economic activity and fuels an unprecedented spike in joblessness, Goldman Sachs analysts said on Tuesday.
Hong Kong (CNN Business)The economic fallout from the coronavirus pandemic could drive an additional 11 million people into poverty in East Asia and the Pacific unless "urgent action" is taken, the World Bank warned in a report released Monday.
HANOI, March 31 (Xinhua) -- Vietnam's GDP is expected to grow by 4.9 percent this year, about 1.6 percentage points lower than the previous projection, according to a latest World Bank report.
KUALA LUMPUR: The World Bank is projecting a negative economic growth for Malaysia this year amid the Covid-19 crisis, but said the country is likely to recover in the fourth quarter (4Q) of the year before bouncing back into smoother momentum in 2021.