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MANILA -- The Asian Development Bank (ADB) lowered its 2021 economic growth outlook for developing Asia as the region grapples with COVID-19 pandemic fueled by

Over 80 million people in developing Asia were pushed into extreme poverty last year by COVID-19, increasing inequalities like health, education and work.

Delta and the dangers of whiplash economics The unwelcome return of restrictions has planted a new fear in the minds of investors: that the rapid spread of the coronavirus delta variant could bring the global recovery to a juddering halt. Delphine Strauss Save Share London | Much of Australia is back in a pandemic lockdown. Tokyo opened the Olympics on Friday under a state of emergency. The Netherlands has had to reimpose restrictions on cafes, bars and nightlife. New travel warnings have hit Spain’s hopes of a revival in tourism, and Italians will soon have to show a health pass if they wa...

ADB Lowers 2021 Growth Outlook for Developing Asia to 7.2% ADB Lowers 2021 Growth Outlook for Developing Asia to 7.2% News Release | 20 July 2021 MANILA, PHILIPPINES (20 July 2021) - The Asian Development Bank (ADB) is projecting 7.2% economic growth for developing Asia this year, compared with its 7.3% forecast in April, as renewed coronavirus disease (COVID-19) outbreaks slow the recovery in some economies in the region. The growth outlook for 2022 is upgraded to 5.4% from 5.3%. Excluding the newly industrialized economies of Hong Kong, China; the Republic of Korea; Singapore; and Taipei,Ch...

News Release | 20 July 2021 MANILA, PHILIPPINES (20 July 2021) — The Asian Development Bank (ADB) is projecting 7.2% economic growth for developing Asia this year, compared with its 7.3% forecast in April, as renewed coronavirus disease (COVID-19) outbreaks slow the recovery in some economies in the region. The growth outlook for 2022 is upgraded to 5.4% from 5.3%. Excluding the newly industrialized economies of Hong Kong, China; the Republic of Korea; Singapore; and Taipei,China, developing Asia’s updated growth outlook is 7.5% for 2021 and 5.7% for 2022, compared with earlier projection...