BIMF revises down 2020 forecast for Asian economy to 1.6-pct contraction

BIMF revises down 2020 forecast for Asian economy to 1.6-pct contraction

The International Monetary Fund (IMF) on Tuesday revised down its forecast for the Asian economy amid the mounting COVID-19 fallout, projecting a 1.6-percent contraction in 2020.

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