ADB lifts developing Asia's 2020 outlook to -0.4% from -0.7% ADB lifts developing Asia's 2020 outlook to -0.4% from -0.7%
FRIDAY, DECEMBER 11, 2020
MANILA - Economic activity in developing Asia, a group of 45 nations in the Asia-Pacific, is forecast to contract by 0.4 percent this year before picking up to 6.8 percent in 2021 as the region moves toward recovery from the effects of the COVID-19 pandemic, according to an Asian Development Bank (ADB) report released on Thursday.