Pandemic To Nearly Wipe Out Growth In Large Parts Of Asia-Pacific In 2020: Report

Developing Asia will likely clock up its weakest growth in nearly six decades this year, the Asian Development Bank (ADB) said on Thursday, as measures to contain the contagious novel coronavirus hammer economic activity. Developing Asia, a group of 45 countries in the Asia-Pacific region, is expected to post growth of just 0.1 per cent in 2020, the ADB said in a supplement to its Asian Development Outlook report issued in April, the...