3minutes - Source: BBC
The effects will unravel decades of progress in the region's battle against poverty.
Economies such as India, Bangladesh, Sri Lanka, and Pakistan have reported relatively
The South Asia region is home to 1.8
"South Asia finds itself in a perfect storm of adverse effects. Tourism has dried up, supply chains have been disrupted, demand for garments has collapsed and consumer and investor sentiments have deteriorated," said the World Bank report.
It has slashed its growth forecast for the region this year to 1.8% to 2.8% from its original projection of 6.3% made before the virus outbreak. At least half the countries in this region could fall into "deep recession".
The worst hit economy will be the Maldives, a nation of small islands in the Arabian
India, the biggest economy in South Asia, could see growth of just 1.5% in its financial year, down from a figure of around 5%, the World Bank predicted.
It has advised governments to "ramp up action to curb the health emergency, protect their people, especially the poorest and most vulnerable, and set the stage now for
The World Bank also recommended temporary
Last week the