Covid-19 fight needs clarityThe number of Covid-19 cases doesn't seem to slowing down anywhere except for China where the new coronavirus originated. Roberto Azevedo, head of the World Trade Organization, last week warned of job losses "that are worse than the global financial crisis a dozen years ago". Given the uncertainties the outbreak has brought to the global economy, the city-state is on the verge of its first recession in almost two decades. In Thailand, where infections surpassed 1,100 on Friday, the central bank warned of the first contraction since the 2008 global financial crisis. Cambodia relies on Vietnam for agricultural imports and that could push up produce prices, say logistics operators.
Source: Bangkok Post March 29, 2020 20:26 UTC