Pacific island nations beat coronavirus, but now face economic devastation: report

Pacific island nations are facing economic devastation due to lockdowns and travel bans despite avoiding the worst health effects of the Covid-19 pandemic, the Asian Development Bank said on Thursday.Despite recording fewer than 100 coronavirus cases in total, the 14 Pacific economies were forecast to shrink an average of 4.3 per cent this year due to the collapse of trade and tourism, with double-digit contractions expected in the most tourism-dependent nations, the Philippines-based…

Read the original article at South China Morning Post