News Snapshot:
The Asian Development Bank (ADB) has raised its growth forecast for developing Asia this year on the roll-out of coronavirus vaccines and the strength of global export demand, but warned that resurgent virus outbreaks threatened the recovery. China and India are expected to lead the rebound across the vast region stretching from the Cook Islands in the Pacific to Kazakhstan in Central Asia, the lender said on Wednesday. The Philippines-based ADB predicted growth of 7.3 per cent, compared with its previous forecast in December of 6.8 per cent and a contraction of 0.2 per cent in 2020 – but said...
