Divergent Recoveries in Asia: History is not Destiny
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 other parts of the world. […]