Developing Asia to see flat growth due to COVID-19: ADB


Source: aninews.in

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Manila [The Philippines], June 18 (ANI): Developing Asia will barely grow in 2020 as containment measures to address the coronavirus (COVID-19) pandemic hamper economic activity and weaken external demand , according to a new set of forecasts from the Asian Development Bank (ADB) released on Thursday. In a regular supplement to its annual flagship economic publication, the Asian Development Outlook (ADO) 2020 released in April, ADB forecasts growth of 0.1 per cent for the region in 2020. This is down from the 2.2 per cent forecast in April and will be the slowest growth for the region since 1961. Growth...