Thailand is considering two new deep sea ports on each side of its Southern isthmus to shorten shipping journeys © Frank Bienewald/LightRocket via Getty Images
Thailand is considering two new deep sea ports on each side of its Southern isthmus to shorten shipping journeys © Frank Bienewald/LightRocket via Getty Images

Pandemic tips Asia into recession

16 September 2020

The coronavirus pandemic has tipped Asia’s economies into recession for the first time in nearly six decades, though the recession is likely to be short lived, according to the Asian Development Bank (ADB).

The ADB is expecting Asian economies to contract by 0.7% this year but it believes recovery will begin next year and the region will rapidly emerge from the slowdown.

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