Developing Asia was projected to contract less than the previous forecast as most economies relaxed containment measures despite the persistent spread of Covid-19, the Asian Development Bank said in its latest report, released Thursday.
Developing Asia was expected to shrink 0.4 percent in 2020, less than the 0.7 percent contraction envisaged in the Asian Development Outlook 2020 Update in September.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.