The Asian Development Bank forecasts that developing Asian economies will grow at a solid 7.3% pace this year after contracting slightly in 2020 due to the pandemic
NOT YET — Developing Asian economies will grow at a solid 7.3% pace this year after contracting slightly in 2020 due to the pandemic, the Asian Development Bank says in its latest regional outlook.
Those setbacks threaten just as growth has been gaining momentum, said the ADB’s chief economist, Yasuyuki Sawada.
“Economies in the region are on diverging paths,” he said. “Their trajectories are shaped by the extent of domestic outbreaks, the…