Developing Asia to recover strongly, but COVID-19 risks remain


Source: upnewsinfo.com upnewsinfo.com

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© Reuters. Buildings in the Central Business District (CBD) are seen lit up during the night in Beijing By Karen Lema MANILA (Reuters) – 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...