Moody’s: AsiaPac's strong rebound masks deep economic scars

The economic rebound, fuelled in large part by China (A1 stable), masks a range of output losses across the region.

KUALA LUMPUR: Moody’s Investors Service expects Asia-Pacific's economic activity likely will rebound strongly in 2021 and 2022 as compared with recent performance.

In its report on Tuesday, it pointed out however, region's overall output will likely fall short of pre-pandemic forecasts by 2023 because of deep economic scars from the pandemic.