Thursday, 28 October 2021

Asia’s economic outlook dims as trade and investment weaken: ADB

KARACHI: Economic growth in developing Asia remains robust but prospects have further dimmed and risks to the region’s economies are rising as trade and investment weaken, according to Asian Development Outlook (ADO) 2019 Update, the Asian Development Bank’s (ADB) flagship economic publication.

The report forecasts economic growth in the 45 countries of developing Asia at 5.4% this year before nudging up to 5.5% in 2020.

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