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KUALA LUMPUR: Bank Negara has forecast Malaysia’s economy will contract as much as 2% on the weight of the loss in productivity and disruption in the global supply chain due to the Covid-19 pandemic.
KIEV (Reuters) - Ukraine's government on Friday imposed a series of new restrictions designed to prevent the coronavirus outbreak spreading widely but said it hoped to soften the measures again in late April.
JAKARTA: Besieged by the worst turmoil since the Asian financial crisis more than two decades ago, Indonesia has given its central bank unprecedented powers to shield the economy from the fallout of the Covid-19 (coronavirus) pandemic on Friday (April 3).
MOSCOW (Reuters) - A Russian decision to ban most Western food imports, taken in anger six years ago, is helping Moscow navigate the coronavirus crisis, giving it enough homegrown stocks to withstand panic buying and greater leeway on its agricultural export policy.
BEIJING: China plans to revive its economy and further boost smaller businesses amid external uncertainty as the Covid-19 (coronavirus) outbreak continues to spread worldwide, according to the country's central bank on Friday (April 3).
PHNOM PENH (Xinhua): After two decades of strong performance, Cambodia's economic growth is expected to drop to 2.3 per cent in 2020 due to the Covid-19 pandemic, according to the Asian Development Bank (ADB)'s outlook report released on Friday (April 3).
MANILA (Xinhua): The Philippine economic growth is projected to fall to 2.0 per cent in 2020 before a strong recovery to 6.5 per cent in 2021, assuming the Covid-19 outbreak is contained by June this year, according to a new report by the Asian Development Bank (ADB) released on Friday (April 3).
BEIRUT (Reuters) - Battered by Lebanon's economic crisis, Hassan Zeitar was already struggling to keep his family fed when the coronavirus lockdown stripped him of the little money he made as a minibus driver.
SINGAPORE (The Straits Times/ANN): The Monetary Authority of Singapore (MAS) eased its policy stance on Monday (March 30) by setting the Singapore dollar's rate of appreciation at zero per cent at the prevailing lower level of its exchange rate policy band as the economy braces for a deep recession.
WASHINGTON, (Reuters) - It may, as House Majority Leader and Maryland Democrat Steny Hoyer said on Friday, be out of love that the United States agreed to shut down much of its economy to stop a viral epidemic and save lives.