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

World Bank warns of 'third shock' after coronavirus and trade war

Developing Asia urged to address expected poverty surge, financial distress

A child wears a mask in Thailand slum. The World Bank's forecast of a "third shock" could devastate economic growth and increase poverty across developing Asia. (Photo by Akira Kodaka)

BANGKOK -- The author of a new World Bank report warned on Tuesday that developing Asia faces the prospect of a "third shock" to follow the trade war and new coronavirus outbreak.

The relentless spread of COVID-19 could devastate economic growth and increase poverty across the region for the first time in a generation, the bank said in a new report on the region's response to the pandemic.

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