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Asian economies take $1.7tn hit from COVID in 2020

Tourism and other service sectors suffered most

Police in Vietnam inspect travel documents of commuters during the first day of a lockdown in Hanoi on Sept. 6. The country's economy has been hammered by COVID curbs.   © Reuters

TOKYO -- The coronavirus erased about $1.7 trillion from the combined gross domestic product of Asia's largest economies in 2020, according to a report by the Japan Center for Economic Research.

JCER has estimated economic losses from the coronavirus in 15 Asian countries and regions by comparing GDP forecasts made before the pandemic and with GDP growth rates recorded afterward.

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