Coronavirus to bring Asia's 2020 growth to halt for first time in 60 years: IMF
The IMF added that if containment policies are effective, there will be a rebound in growth in 2021
The International Monetary Fund (IMF) headquarters building is seen ahead of the IMF/World Bank spring meetings in Washington, US, April 8, 2019/ Reuters
The International Monetary Fund (IMF) said today Asia's economic growth this year will come to a halt for the first time in 60 years.
The lack of growth will be "worse than the annual average growth rates throughout the Global Financial Crisis (4.7%) or the Asian Financial Crisis (1.3%)", it said, BBC reported.
The IMF added that if containment policies are effective, there will be a rebound in growth in 2021.
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The warning comes just days after the World Bank warned South Asia faced its worst economic performance in 40 years because of the virus.
