NEW YORK, April 14 (Reuters) - Asian shares looked set to pull back from a one-month high on Tuesday, as warnings of a deep recession dampened investor optimism that the slowing spread of the coronavirus could allow businesses to re-open.
HONG KONG • Some of Asia's biggest economies are likely to narrowly avoid recession this year and are poised to bounce back strongly next year if the coronavirus is contained, said the International Monetary Fund (IMF), with China leading the recovery.
KUALA LUMPUR (April 15): The International Monetary Fund (IMF) has projected Malaysia’s real gross domestic product (GDP) to grow at a rate of 9% next year, the fastest among the ASEAN-5 countries which are expected to see a combined GDP growth of 7.8%.
HONG KONG: Some of Asia's biggest economies are likely to narrowly avoid recession this year and are poised to bounce back strongly in 2021 if the coronavirus is contained, the IMF forecast Tuesday, with China leading the recovery.
WASHINGTON — The International Monetary Fund issued a stark warning on Tuesday about the coronavirus’s economic toll, saying that the world is facing its worst downturn since the Great Depression as shuttered factories, quarantines and national lockdowns cause economic output to collapse.
WASHINGTON (Reuters) - The global economy is expected to shrink by 3.0% during 2020 in a stunning coronavirus-driven collapse of activity that will mark the steepest downturn since the Great Depression of the 1930s, the International Monetary Fund said on Tuesday.