China’s economic growth will fall to zero this year and six developing countries in the region will slump into a deep recession, according to new figures released by the World Bank.
The bank's “lower case” forecast has Indonesia, Thailand, Malaysia, East Timor, Papua New Guinea and the Philippines all tipping into recession because of the coronavirus outbreak.
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Angus Grigg is an investigative reporter based in Sydney. He has worked as a foreign correpondent in China and Indonesia, and has won two Walkley Awards. Connect with Angus on Twitter. Email Angus at agrigg@afr.com
