S&P: Unemployment to surge in Asia-Pacific


Office workers and pedestrians wearing protective masks walk along Queen's Road Central in the Central district of Hong Kong, China, on Friday, March 20, 2020.

PETALING JAYA: Unemployment rates in Asia-Pacific may surge by over three percentage points (ppts), which is twice as much as a typical recession, according to S&P Global Ratings.

The ratings agency said the more jobs that are lost, the slower will the recovery be.

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