The World Bank expects the lowest economic growth this year

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      India and other South Asian countries are likely to have the lowest economic growth in 40 years this year, the world bank said on Sunday.
According to the world bank's South Asia economic report, South Asia's economic growth is likely to be 1.8-2.8% this year, well below the bank's 6.3% forecast six months ago.
India, the largest economy in South Asia, is expected to grow 1.5-2.8% in the fiscal year beginning April 1. The bank had previously expected the country's economy to grow 4.8-5% in the fiscal year ended March 31.
"The budding recovery at the end of 2019 has been replaced by the negative impact of the global crisis," the bank report said.
In addition to India, the World Bank forecasts a sharp decline in economic growth in Sri Lanka, Nepal, Bhutan and Bangladesh.
Pakistan, Afghanistan and Maldives will fall into recession, according to the bank's report, based on data from countries as of April 7.
With the country's total blockade continuing for a long time, the report warns of the worst possible scenario, with the entire South Asian economy shrinking this year.


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