Asian economies take $1.7tn hit from COVID in 2020

Tourism and other service sectors suffered most

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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

ATSUSHI TOMIYAMA, Principal economist, Japan Center for Economic Research

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.

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