Developing Asia to recover strongly, but COVID-19 risks remain: ADB ABS-CBN News


Source: abs-cbn.com abs-cbn.com

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The facade of the Asian Development Bank headquarters in Ortigas on August 25, 2020. Mark Demayo, ABS-CBN News/File MANILA - Developing Asia's economic rebound this year could be stronger than previously thought, the Asian Development Bank said on Wednesday, underpinned by expectations of a solid global recovery and progress on vaccines. But the Manila-based lender was quick to caution that risks to its forecasts were skewed more to the downside because new outbreaks and delays in vaccine rollout could prolong disruptions to mobility and stall regional economic activity. Developing Asia, which groups 45 countries in the Asia-Pacific, is forecast to...