Asian Development Outlook (ADO) 2020 Supplement: Lockdown, Loosening, and Asia’s Growth Prospects

Publication | June 2020

This publication provides updated economic forecasts for Asia and the Pacific, taking into consideration the impact of coronavirus disease (COVID-19).

Developing Asia is now projected to grow by only 0.1% in 2020, which would be the lowest regional growth outcome since 1961. Contraction is expected in all subregions except in East Asia. Growth will rebound to 6.2% in 2021 but composite GDP next year will remain below its pre-crisis trend, so the recovery will not be V-shaped. Excluding newly industrialized economies, regional growth is forecast at 0.4% in 2020 and 6.6% in 2021. Regional inflation is expected to remain benign at 2.9% in 2020 and 2.4% in 2021.

 

Additional Details

Type
Series
Subjects
  • Economics
  • Health
  • Emerging diseases
  • COVID-19
  • Industry and trade
Pages
  • 12
Dimensions
  • 8.5 x 11
SKU
  • FLS200180-3
ISBN
  • 978-92-9262-251-0 (print)
  • 978-92-9262-252-7 (electronic)

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