IMF cuts economic outlook for Asia, as COVID-19 devastates growth, but China remains a bright spot | Markets Insider
* The IMF has cut its estimate for Asian economic growth to -2.2% for 2020, down 0.6% from it last forecast in June, citing steep contractions in India, Philippines and Malaysia. * The fund upgraded its outlook for China, raising its growth forecast for this year to 1.9%, up 0.7% from a previous estimate. * …