Economic growth in developing Asia is set to rebound in 2021, supported by a healthy global recovery and progress on COVID-19 vaccines, according to ADB’s flagship economic publication, Asian Development Outlook (ADO) 2021. The growth is forecast to moderate slightly in 2022. ADB Chief Economist Yasuyuki Sawada says that while growth in the region is gaining momentum, renewed COVID-19 outbreaks could still undermine the recovery.

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Developing Asia’s Economic Outlook: April 2021

COVID-19 remains a big risk for developing Asia’s economies

Daily new COVID-19 cases in developing Asia

but the region is showing resiliency

Vaccine rollouts will support recovery efforts

Stimulus packages from governments are also helping

Growth is expected to rebound in 2021

GDP Growth Outlook | Developing Asia

even as recovery paths diverge

Most economies in the region will rebound this year

and growth will continue in 2022

People’s Republic of China Growth Forecast

India Growth Forecast

Inflation will remain muted

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