Economy in developing Asia to contract 0.4% in 2020, grow by 6.8% in 2021


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Manila, Dec 10 Economic activity in developing Asia is forecast to contract by 0.4 per cent this year ... Manila, Dec 10 Economic activity in developing Asia is forecast to contract by 0.4 per cent this year before picking up to 6.8 per cent in 2021 as the region moves toward recovery from the impacts of the Covid-19 pandemic, an Asian Development Bank (ADB) report said on Thursday. The new growth forecast, presented in a regular supplement to the Asian Development Outlook (ADO) 2020 Update, is an improvement from the -0.7 per cent GDP growth forecast in September, while the...