Coronavirus: Pakistan may fall into recession, says World Bank report

South Asia is on course for its worst economic performance in 40 years, with countries likely to record their worst growth performance due to the coronavirus pandemic, the World Bank said on Sunday.

“Pakistan, which has already experienced low growth rates in recent years, could well fall into a recession. With 1.8% population growth, that would imply a painful decline in per-capita income,” noted the global lender.

India, Bangladesh, Pakistan, Afghanistan 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.

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