South Asia Economic Slowdown
In the past, South Asia enjoyed robust economic growth, which typically exceeded 6% on average. However, South Asia is poised to have its worst economic performance in the past 40 years. Most countries are likely to experience negative growth this year, including Pakistan and Sri Lanka, which were already experiencing slower economic growth in previous years. However, growth will likely pick up again during 2021, as much of the slowdown that occurred this year was due to one-off shocks from the coronavirus. This article will focus on Sri Lanka, Pakistan, and