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The economic rebound, fuelled in large part by China (A1 stable), masks a range of output losses across the region.
KUALA LUMPUR: Moody’s Investors Service expects Asia-Pacific s economic activity likely will rebound strongly in 2021 and 2022 as compared with recent performance.
In its report on Tuesday, it pointed out however, region s overall output will likely fall short of pre-pandemic forecasts by 2023 because of deep economic scars from the pandemic.
The rating agency said Asia-Pacific likely will grow faster in 2021-22 than the Middle East & North Africa and Latin America, but performance will increasingly diverge within the region.
The economic rebound, fuelled in large part by China (A1 stable), masks a range of output losses across the region.
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