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IMF cuts 2021 growth forecast for Asia-Pacific to 6.5% on COVID-19 resurgence, global supply disruptions Updated: 2021-10-20 20:24:25 KST

The International Monetary Fund has revised down this year's economic growth forecast for Asia-Pacific to 6.5 percent.
That's down 1.1 percentage points from its April projection.
The IMF pointed out that the resurgence of COVID-19 amid initially low vaccination rates slowed recovery in the region, especially in developing economies.
South Korea's growth forecast is estimated at 4.3 percent.
The country is among other advanced countries that managed to see upgrades, despite the region's overall decline.
But the IMF warned that the virus' resurgence, disruptions in the global supply chain, and inflation pressure pose downside risks to the outlook.
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