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IMF sees "Asia" after COVID. How will the economy recover?

IMF sees "Asia" after COVID. How will the economy recover?





The International Monetary Fund (IMF) has an interesting weblog called "IMF Direct", a poly C block. To disseminate opinions and insights on both financial and economic from research teams in each region.


Polysi blog on February 23. Comment on the case of the Asia-Pacific region. The authors are Davide Ferrie, Deputy  เกมสล็อต  Head of Asia-Pacific Studies, Jonathan Ossai Acting Director of Asia-Pacific, and Anthony Tan, Senior Economist. From the Research Department in the Asia-Pacific Department Under the IMF


This article begins with an assessment of the economic conditions in the region over the past year. Before offering appropriate future guidance


The first interesting point is that the three IMF scholars see "Asia-Pacific" in better condition than many regions of the world. The reason is not only that it is the first region to be hit by COVID-19, it should be the first region to come out of crisis. But also because of the advanced economies in the region With large new economies such as China, India, Malaysia and Thailand, the past crisis has been handled better than expected.


Therefore, overall of the region IMF to expect that Asia will recover strongly. Overall output is expected to expand 7.3% this year, followed by 5.3% in 2022.


But not that Asia-Pacific is free from problems. Because of the loss of economic productivity in the past year. Besides being very enormous There are also a variety of different levels. Since it has very little impact in China, Japan, and Taiwan to more than 20% collapse in the Philippines. Or even up to 30% at Timor-Leste
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