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Asia's reliance on trade, tourism weighs on COVID-19 recovery: IMF

Region lauded for swift responses but governments urged to restructure priorities

BANGKOK -- Asian economies could fare better than those of their key trading partners in 2020 amid the COVID-19 pandemic, with a projected growth rate of 1% for emerging Asia and 0% for Asia as a whole. The numbers contrast to the sharp 3% global contraction projected by the International Monetary Fund, according to Changyong Rhee, the IMF's Asia-Pacific director.

But Rhee warned that all forecasts are uncertain due to countries in the region being at different stages of the pandemic and to the continuing danger of secondary waves of infections.

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