Developing economies in Asia will contract in 2020, the first such downturn in nearly 60 years, the Asian Development Bank said Tuesday in an update to its forecasts. The update of the ADB’s outlook estimates the regional economy will contract 0.7 per cent this year, recovering to 6.8 per cent growth in 2021. Conditions could […]
The virus outbreak in China has put South Korea’s economy into an “emergency situation,” its president says. Japan is on the brink of recession and big manufacturers are forecasting a whole world of woe. As many Chinese finally go back to work after their longest Lunar New Year holiday ever, the economic fallout from the […]
The Shanghai Composite index tumbled nearly eight per cent on Monday as Chinese regulators moved to stabilize markets jolted by a virus that has spread to more than 20 countries, slamming regional tourism and threatening global growth. The outbreak of the virus in China has prompted governments around the world to step up surveillance and […]