WASHINGTON -- The International Monetary Fund (IMF) on Tuesday revised down its forecast for the Asian economy amid the mounting COVID-19 fallout, projecting a 1.6-percent contraction in 2020, and warning of "clouds on the horizon."

The latest projection is a downgrade to the forecast of zero growth in the April World Economic Outlook, indicating stronger global headwinds as the pandemic's impacts continue to ripple throughout the world. (IMF-Asian Economy-COVID-19)

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WASHINGTON -- U.S. companies have filed for bankruptcy at the fastest pace since 2013 as the COVID-19 fallout continues to ripple through the country, The Financial Times reported on Tuesday.

Citing data from legal services group Epiq, the report said a total of 3,427 companies have filed for Chapter 11 bankruptcy in the United States this year, close to the 3,491 filings during the first half of 2008. (US-COVID-19-Bankruptcy)

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JAKARTA -- The consumer price index in June logged the lowest level since May 2000 as the novel coronavirus pandemic stretched deep the country's economy and depressed demands.

The National Agency of Statistics on Wednesday announced that the inflation steeply dropped by 1.96 percent in June on the yearly basis compared with 2.19 percent in May. (Indonesia-COVID-19-Inflation)

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SEOUL -- South Korea's export posted a double-digit fall for three straight months through June on an economic fallout from the COVID-19 outbreak across the world, a government report showed Wednesday.

Export, which takes up about half of the export-driven economy, came in at 39.21 billion U.S. dollars in June, down 10.9 percent from the same month of last year, according to the Ministry of Trade, Industry and Energy. (South Korea-Export-Fall) Enditem

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