This publication provides updated economic forecasts for Asia and the Pacific, taking into consideration the impact of coronavirus disease (COVID-19). Developing Asia is now projected to grow by only 0.1% in 2020, which would be the lowest regional growth outcome since 1961. Contraction is expected in all subregions except in East Asia. Growth will rebound to 6.2% in 2021 but composite GDP next year will remain below its pre-crisis trend, so the recovery will not be V-shaped. Excluding newly industrialized economies, regional growth is forecast at 0.4% in 2020 and 6.6% in 2021. Regional inflation is expected to remain benign at 2.9% in 2020 and 2.4% in 2021.
[2]
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/asian-development-outlook-2020-supplement-lockdown-loosening-and-asia%E2%80%99s-growth
[2] http://www.indiaenvironmentportal.org.in/files/file/Asian-Development-Outlook2020-Supplement.pdf
[3] http://admin.indiaenvironmentportal.org.in/category/publisher/asian-development-bank
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/asia
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/coronavirus
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/economy
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/economic-relations
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/asian-development-bank-adb-0
