Moody’s say Asia-Pacific economies rebounding but deep economic scars holding some back
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Moody’s is upbeat on APAC economies but note that Asia-Pacific’s strong rebound masks deep economic scars
- says Asia-Pacific’s economic activity likely
will rebound strongly in 2021 and 2022 as compared with recent
performance - APAC’s overall output will likely
fall short of pre-pandemic forecasts by 2023 because of deep economic
scars from the pandemic - APAC likely to grow faster in 2021-22
than Middle East & N. Africa and LatAm, but performance to
increasingly diverge within region - sees about 30% of APAC economies will
experience output decline of 2%-8% below pre-pandemic forecast GDP
levels by 2023 - says more than 40% of APAC economies will have
output losses exceeding 8% of pre-pandemic GDP forecast levels by
2023
Moody’s report headlines via ReutersÂ