East Timor’s economy to shrink 6.8 pct this year: World Bank
DILI – East Timor’s economy is forecast to contract by 6.8 percent this year – the sharpest fall since the country’s resumption of independence in 2002 – due to the impact of COVID-19 and delays in the approval of the 2020 state budget, the World Bank said this month in latest report on the impoverished half-island nation.According to a statement by the World Bank, the “Timor-Leste Economic Report October 2020: Towards a Sustained Recovery” warns that a potential second wave of