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28 March 23:52
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The Asia-Pacific region's gross domestic product could shrink by 0.8% to $ 172 billion due to the coronavirus.
Axar.az reports this information is included in the report of the UN Economic and Social Commission.
The report notes that demand for Asian products will decline in the near future, as well as in the EU and the United States:
"Decrease in demand for these markets could have a negative impact on trade in the Asia-Pacific region. As a result of COVID-19, the region's GDP will decrease by 0.8%. The decline will mainly affect Vietnam, Mongolia, Cambodia, and Singapore. Thus, the economic prosperity of these countries depends largely on trade with the United States and the European Union."
Date
2020.04.08 / 12:56
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Author
Tural Azimzadeh
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