The World Bank slashes its growth forecast for South Asia, as it expects at least half the countries in the region to fall into 'deep recession' in 2020. coronavirus
, and other smaller nations, which have 1.8 billion people and some of the planet's most densely populated cities, have so far reported relatively few coronavirus cases, but experts fear they could be the next hotspots.
It slashed its growth forecast for the region this year to 1.8% to 2.8% from its pre-pandemic projection of 6.3%, with at least half the countries falling into"deep recession." In India for instance, the world's biggest lockdown has prompted hundreds of thousands of migrant workers to return to their home villages, many on foot.
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