Header Font Sizer

A- A A+

Header Color Change

     

Choose your language

Covid-19 causes deeper contraction on Apec economies

Monday, 06 July 2020 10:43 News 158 Views

KUALA LUMPUR: The Covid-19 pandemic is causing a deeper contraction to the Asian Pacific economies, said Apec Policy Support Unit.

A new updated report from the unit finds that the Asia-Pacific Economic Cooperation (APEC) region's economic growth was now expected to decline by 3.7 per cent in 2020, down from its initial forecast of a 2.7 per cent contraction in April, bringing the total output loss to a staggering US$ 2.9 trillion.

read more

About Author

Footer Logo

Visitors

Visits today:

Total visits: