Despite some signs of rapid growth in some parts of Asia-Pacific, not all countries are bouncing back at the same speed.
This is ‘multispeed’ recovery is outlined in the IMF’s latest Regional Economic Outlook.
The IMF warns it could lead to increased inequality and indebtedness across the region.
The Asia-Pacific region is recovering from its worst recession in living memory. Our latest Regional Economic Outlook shows that a recovery started in the third quarter, but growth engines are not all firing with the same power across countries, leading to a multispeed recovery.
To enable structural change, Asia’s economic policies should be focused on the world of tomorrow, not yesterday.
Reflecting worse-than-expected outturns in the second quarter in a few countries, the IMF’s forecast for the region has been downgraded to -2.2 percent in 2020—the worst outcome for this region in…
