COVID-19 has indeed affected the economy, but 5G-related developments have not stopped. Many major economies in the Asia-Pacific (APAC) region are projected to have negative real Gross Domestic Product (GDP) growth this year. For example, Japan is forecasted by the International Monetary Fund (IMF) to have -5.8% GDP growth this year, with Australia and Japan registering -4.5% and -2.1%, respectively. Emerging economies, however, are forecasted by the IMF to mostly register a contraction instead. For instance, China, APAC’s largest economy, is forecasted to register 1% real GDP growth this year compared to its 6.1% growth in 2019.
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