Coronavirus pandemic effected Asia has
been hit hard by the outbreak. It has seen businesses close their doors, supply
chain disruption, widespread quarantines, travel bans and other restrictions to
help reduce the spread of the virus. This has of course had a huge impact on
Asia’s economy.
Lockdown across most of Asia in 2020 as
the coronavirus pandemic paralyzed manufacturing &economic activity across
the globe, the export import activities almost flat.
Keshav
Gandhi, CEO, AsiaTradeHub.com feel that current situation drive the Asian
economy into recession & suggest countries must spend more to avoid
bankruptcies and emerging market debt defaults.