Deeper Covid-19 economic damage to Asia (outside Japan) expected, says Nomura


KUALA LUMPUR, April 27 – Asian nations outside Japan will experience deeper Covid-19 damage to their economies, according to a report by Nomura Asia Monday.

“Damage to growth of Asia (ex-Japan) will be deeper and sustain for longer. We expect the growth hit due to Covid-19 to be deeper and the normalisation path to take longer as the direct effects are amplified by knock-on effects, ” says Nomura Asia.

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