The Asian Development Bank downgraded the developing Asia's growth outlook as a resurgence of the COVID-19 infections, new virus variants and an uneven vaccine rollout weighed on the economic recovery.
In the Asian Development Outlook Supplement, released Tuesday, the growth outlook for 2021 was revised down marginally to 7.2 percent from 7.3 percent, while the projection for 2022 was upgraded to 5.4 percent from 5.3 percent forecast in April.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com