KABUL Bank said on Sunday.
Amid the mounting human toll and global economic fallout triggered by the pandemic, a half-yearly update from the World Bank anticipated a sharp economic slump in each of the region’s eight countries, caused by halting economic activity, collapsing trade and greater stress in financial and banking sectors.
The latest South Asia Economic Focus estimated regional growth would fall to a range between 1.8 and 2.8 percent in 2020, down from 6.3 percent projected six months ago . . .
