Coronavirus will slow the pace of development in the Asia Pacific region

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New delhi date. 22 February 2020, Saturday

The coronavirus has weakened Asia's exports and disrupted the supply chain, which will slow the pace of development in the Asia-Pacific region, said credit rating agency Moody's.

The economic growth rate for Asia-Pacific has been projected to be reduced to 5 percent in the 5th. This estimate has been taken in view of China's coronavirus. The impact of Corona is being seen more in India and China. The spread of the virus has affected the demand and the supply chain has been lost. The highest impact of this will be seen in the first quarter of 1.

In the current calendar year, China's economic growth rate, which was previously estimated at 8.5 percent, has now been reduced to 8.5 percent. However, for India, the rate has been reduced from 8.5 percent to 8.5 percent. The loss of trade and tourism sector and supply chain will have an impact on economic growth, the Moody's report said.

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