News Snapshot:
In the latest update to its Asia Development Outlook report, the ADB has cautioned that its previous projections for a solid rebound across developing economies in Asia could be weakened by the spread of the delta variant of the coronavirus. The bank has also urged economies to prepare for a ‘new normal’ in the aftermath of the pandemic as they work their way back towards recovery. Developing Asia – a group of 46 countries across the Asia Pacific region, could register an economic growth of 7.1% in 2021. The latest estimate is lower than ADB’s previous forecasts for a 7.2%...
