ADB Revises 2021 Economic Growth Projections For Developing Asia Lower Forex News by FX Leaders


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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%...