THE EDGE SINGAPORE - For most countries, navigating the protracted economic slump brought on by Covid-19 is starting to look more like a marathon than a sprint. According to our estimates at the International Finance Corporation (IFC), domestic private investment and foreign direct investment in emerging economies will fall this year by almost US$700 billion ($961 billion) and US$250 billion, respectively, and may not return to pre-crisis levels until 2023.

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