ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Interview

Asia's recovery 'divergence' will last for years: IMF official

ASEAN countries expected to trail China and India in GDP growth for 2021

The coronavirus has taken a heavy toll on Thailand's tourism.   © Reuters

WASHINGTON -- Asia's economic recovery from the coronavirus pandemic likely will remain uneven for at least five years, with developing countries lagging over the long term, a senior official at the International Monetary Fund has told Nikkei.

"We see the level of [gross domestic product] about 5.5% lower in the Asian region in 2025 than we had been projecting before the pandemic," said Jonathan D. Ostry, deputy director of the IMF's Asia-Pacific department.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more