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Asian economy to grow 7.3% in 2021: Development bank Regional development bank says recovery dependent on how COVID-19 pandemic unfolds Riyaz Ul Khaliq | 28.04.2021 ANKARA Developing Asia's economic revival is “underway” but the extent depends on global recovery and how the COVID-19 pandemic unfolds, the Asian Development Bank (ADB) said on Wednesday. “The region’s growth is forecast to rebound to 7.3% in 2021, moderating to 5.3% in 2022,” it said in its Asia’s Development Outlook 2021 report. “Excluding high-income newly industrialized economies, growth of 7.7% is forecast for this year and 5.6% for next year." It said that the...
