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Manufacturing slump pulls India down in EM league tables
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ongoing financial year. The bank expects emerging and developing economies to shrink 2.5% in 2020, their first contraction as a group in at least sixty years.
Among the broader regions, Latin America and the Carribean are expected to suffer the biggest drop (-7.2) with sharp contractions in Brazil (-8%) and Mexico (-7.5%).
East Asia and Pacific is expected to emerge relatively unscathed (-0.5) thanks to their close ties to China, which is expected to expand its economic output by 1%.
South Asia is expected to contract -2.7% in 2020.Despite declining growth prospects, financial metrics have seen slight improvements across emerging economies, with foreign funds returning to invest once again.
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COVID-19
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
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India
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Cases: 34 321 025
Deaths: 459 652
Recovered: 0
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Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
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United Kingdom
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Cases: 9 215 683
Deaths: 141 607
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Russia
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Cases: 8 494 589
Deaths: 237 619
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