Coronavirus pandemic puts millions of middle class Southeast Asians at risk of poverty

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As the coronavirus pandemic derails economies worldwide, many of the newly poor will come from Southeast Asia, dealing a huge setback to a region that had been prospering from a surging middle class.The job losses are pausing the outsize boom Southeast Asia has experienced in recent years, with economies possibly taking years to fully recover.In the Philippines, which has the most Covid-19 cases in Southeast Asia, a survey released on October 6 by the World Bank and local agencies showed almost…



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