The Asian Development Bank forecast developing Asia to rebound this year although the renewed outbreak of the coronavirus poses threat to the recovery.
According to the latest Asian Development Outlook 2021, released Wednesday, economic growth in developing Asia will rebound to 7.3 percent this year from -0.2 percent last year, underpinned by global recovery and early progress in vaccination. However, growth will moderate to 5.3 percent in 2022.
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