The outlooks for Asian economies have further deteriorated in the last three months as the impact of the coronavirus outbreak and consequent business restrictions have intensified throughout the region.
The economies of five major Southeast Asian countries and India shrank significantly in the April-June period, and the annual growth projections fell below zero for the six countries. Unemployment is on the rise. Economists expect recoveries from the second half of the year, but this scenario is based on the condition that the pandemic will be controlled properly.
