Tag: regional

Asia sees first regional recession in 60 years

Image copyright Getty Images The Asian Development Bank (ADB) says the Covid-19 pandemic has pulled the region’s developing economies into recession. It is the first time in six decades that “developing Asia” – a designation that includes 45 countries – has seen a regional slump. The ADB says developing Asia’s economy will shrink by 0.7% in 2020. But the region… Read more →

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Coronavirus job losses may deepen regional inequality – Labour

Image copyright PA Image caption M&S is among the major retailers to announce big job cuts this summer Job losses triggered by the coronavirus pandemic will hurt some parts of the UK more than others and deepen regional inequality, Labour has said. Areas with a high proportion of workers in struggling sectors, such as aviation, retail and manufacturing, would be… Read more →