ADB predicts a less severe economic dip for Asia
Developing Asia is expected to contract less than previously expected as China and India post economic recoveries.
Source: aljazeera.com
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ADB sees lesser contraction in Asia amid recovery in China, India
Economic output in developing Asia, a group of 45 nations in the Asia-Pacific, is seen to shrink 0.4 per cent this year, the ADB said in a supplement to its Asian Development Outlook report, short of its earlier estimate of a 0.7 per cent decline
Source: businesstoday.in
Developing Asia's projected 2020 contraction to be less severe than expected — ADB
Developing Asia is on course to contract this year, but probably less than previously thought as China recovers faster than expected, although the prolonged pandemic remains a risk to the outlook, the Asian Development Bank (ADB) said on Thursday.
Source: gmanetwork.com
ADB sees lesser contraction than expected in Asia amid better China, India growth prospects
“The GDP forecast for FY2020 (2020-2021) is upgraded from 9.0% contraction to 8.0%, with GDP in H2 probably restored to its size a year earlier,” the multilateral lender said in its Asian Development Outlook Supplement (ADOS) for December, released on Thursday.
Source: indiatimes.com
Better outlook for Asia's developing economies
Developing Asia's economy this year is likely to contract at a slower pace than previously forecast, mainly due to the easing of Covid-19 lockdowns and...
Source: marketwatch.com