Day: February 25, 2021

Divergent Recoveries in Asia: History is not Destiny

February 23, 2021 By  Davide Furceri, Jonathan D. Ostry, and Anthony C.K. Tan Asian economies are performing better than expected. In the IMF’s latest World Economic Outlook Update, we upgraded our growth estimate for 2020 by 0.7 percentage point from our previous forecast in October, to a contraction of 1.5 percent—in regional terms, a better outcome than …

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