The coronavirus crisis could wipe out $211 billion across Asia Pacific, S&P Global says
The coronavirus crisis could wipe out $211 billion from economies across Asia Pacific, according to a Friday report from S&P Global Ratings.
Australia, Hong Kong, Singapore, Japan, South Korea and Thailand ”will enter or flirt with recession,” the ratings giant said. S&P Global also trimmed its growth forecast for China from 5.7% for 2020, to 4.8%.
The coronavirus outbreak, which first…
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