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While China will arguably lead the pack with a recovery by 3Q2020, economist Deyi Tan says export-oriented economies such as Singapore, Thailand and Malaysia are likely to take until 1Q2021 to recover.
Assuming the coronavirus ends up hitting the world’s democracies as hard as many predict, it could deal another staggering blow to the US and the international order it leads.
It would be the first such move to bankroll economic stimulus since 2009, when the global financial crisis rocked the Asian financial hub, although reserves are used selectively for land acquisitions.