World Bank: East Asia, South-East Asia and the Pacific faces recession


A member of Myanmar's military is spraying disinfectant as a preventive measure to contain the spread of coronavirus at Naypyidaw International Airport in Naypyidaw on Tuesday (March 31). - AFP

HONG KONG/SINGAPORE: Countries across East Asia, South-East Asia and the Pacific face recession as economies grind to a halt due to the Covid-19 (coronavirus) pandemic, the World Bank said in a report published on Tuesday (March 31).

The bank warned that "significant economic pain seems unavoidable" across what was one of the world's fastest-growing regions prior the virus' outbreak.

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