Financial analysts at Cordros Research have said the economic impact of the COVID-19 pandemic is likely to be more severe if the current unrest and curfews persist beyond October and now estimate that the Gross Domestic Product (GDP) will contract by 6.91 per cent in the fourth quarter of 2020.
Going by their prediction, it could translate to negative growth of 4.15 per cent in the 2020 fiscal year; higher than the previous forecast of -3.32 per cent.
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