The economic storm brewing in South Asia


As it takes stock of the anticipated effects of the coronavirus pandemic, the World Bank has published an economic outlook with strikingly gloomy predictions for South Asia.The bank’s analysts warn that the region might record its worst economic performance in 40 years, and at least half of it could experience a “serious recession.” Regional growth is expected to plummet to between 1.8 and 2.8 percent in 2020, a major drop from the 6.3 percent forecast six months ago.In the Maldives, GDP might decline by up to 13 percent. Afghanistan, Pakistan and Sri Lanka could find GDP growth “in negative t…

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