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Opinion

World Bank's 'third shock' threatens to reverse Asia's economic progress

After trade war and COVID-19, continent-wide recession would put millions into poverty

| China
A clerk sorts yuan notes at a bank in Taiyuan, China on Feb. 24: Asia finds itself poorly prepared to confront a triple whammy of threats.   © Reuters

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

Good luck sleeping after reading the World Bank's take on how coronavirus is upending East Asia.

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