Pandemic to bring Asia's 2020 growth to halt for first time in 60 years: IMF

13 Sept 13:03 Key points summarised by AI

Asia's economic growth is projected to halt at zero percent in 2020, marking the first time in 60 years, due to the unprecedented impact of the coronavirus pandemic.
The severe downturn is attributed to the pandemic's direct hit on the region's service sector through lockdowns and a sharp decline in export demand from major global partners.
The IMF urges Asian policymakers to implement targeted support for affected households and businesses, utilize all available policy tools, and ensure market liquidity to mitigate financial stress.
While a rebound to 7.6% growth is anticipated in 2021, the outlook remains highly uncertain, with China's growth also significantly reduced but expected to recover.

Six injured after car smashes into On Nut shopping mall

Today 22:44 Key points summarised by AI

A 67-year-old woman drove her car through the glass frontage of a Bangkok shopping mall, injuring six people, including a six-year-old girl.
The driver claimed she accidentally pressed the accelerator instead of the brake after being startled, causing the vehicle to surge forward.
She apologized to the victims, promising insurance coverage and additional financial aid, while police continue to gather statements before filing charges.