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Covid-19 pandemic to cost Asia-Pac economies US$620b: S&P
Published Mon, Mar 23, 2020 · 09:50 PM
Singapore
S&P Global Ratings is forecasting the Covid-19 pandemic will cost an estimated US$620 billion in total and permanent income loss for Asia-Pacific economies.
This cost covers the entire period from the first quarter of 2020 to mid-2021 when almost every major economy returns back to trend in the agency's baseline, it said in response to a query from The Business Times.
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