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ADB Trims Developing Asia 2021 Growth Outlook to 7.1% Amid Continued COVID-19 Concerns

ADB lowers its 2021 economic growth outlook for developing Asia amid continuing concerns over the COVID-19 pandemic.

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ADB Knowledge Forum 2021

29 September - 1 October 2021, Online

ADB’s 2021 Knowledge Forum brings together international leaders, industry experts, academics, government knowledge professionals, international finance institution partners, and ADB staff to share tools, systems, and processes to improve development work and drive positive change

ADB Knowledge Forum 2021

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Recovery paths will continue to diverge in developing Asia

The Asian Development Outlook (ADO) 2021 Update expects the regional economy to expand at a slower rate than projected in ADO 2021 in April. While growth forecasts are raised for East Asia and Central Asia, downward revisions for the rest of the region weigh on the outlook. The recovery in global demand for exports from developing Asia, supported by robust growth in advanced economies, will continue to benefit the region’s export-oriented economies. But the recovery momentum has weakened in economies battling renewed waves of COVID-19.

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