The International Monetary Fund (IMF) on Tuesday cut its 2021 economic growth forecast for Asia to 6.5 per cent, citing “new peaks of the pandemic cycle.” Many countries in the region have reported record coronavirus-related deaths and case numbers in the months since the IMF’s April forecast of around 7.5-per-cent growth for this year. “The pandemic’s resurgence has triggered lockdowns that are hampering the recovery,” the IMF said, in its latest Asia-focused economic outlook. Despite the impact of the virus and the harsh restrictions applied in countries such as Australia and Malaysia, Asia is nonetheless is likely to remain the world’s fastest-growing region, the IMF said, while warning that the pandemic is widening a “divide” between the region’s advanced economies and their “emerging” or “developing” counterparts.
The coronavirus pandemic has “intensified” needs to prevent and treat not only infectious diseases such as Covid-19, but “noncommunicable” illnesses such as cancer and diabetes, say health-issue campaigners. The pandemic “has brought about a greater recognition that the long-held distinctions between infectious and noncommunicable diseases are not as clear cut as once thought,” according to the Noncommunicable Disease (NCD) Alliance and The George Institute for Global Health, who warned in a report that “those with chronic conditions have a significantly higher risk of hospitalisation or death from the virus.”