Coronavirus to bring Asia’s economic growth to a halt for the first time in 60 years

Asia’s financial expansion this yr will grind to a halt for the to start with time in 60 years, as the coronavirus crisis requires an “unparalleled” toll on the region’s assistance sector and main export places, the Intercontinental Monetary Fund explained on Thursday.

Policymakers will have to offer you focused assistance to households and firms toughest-hit by vacation bans, social distancing guidelines and other measures aimed at that contains the pandemic, explained Changyong Rhee, director of the IMF’s Asia and Pacific Section.

“These are hugely uncertain and difficult moments for the world wide economy. The Asia-Pacific region is no exception.

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Guatemala Asks U.S. to Halt Deportations of Guatemalans to Prevent Spread of Coronavirus

Guatemala’s governing administration has requested the U.S. to quit all deportations of Guatemalans to avoid the distribute of the coronavirus in the impoverished Central American state, times after regional authorities documented the first case of an contaminated deportee, a senior Guatemalan official said.

Guatemala fears deportations from the U.S. could be a significant source of infection in the state, the official said. The U.S. has almost 177,000 beneficial conditions of Covid-19, the disease induced by the novel coronavirus, and has documented three,400 fatalities….

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