Pandemic “Triple Shock” Hitting East Asia and Pacific Economies
Pandemic “Triple Shock” Hitting East Asia and Pacific Economies Thailand’s baseline and lowercase GDP growth projections are now down to -8.3% and -10.4%, and the region as a whole is expected to grow by only 0.9 percent in 2020, the lowest rate since 1967. COVID-19 has delivered a triple shock to the developing East Asia…