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ADB sees developing Asia barely growing in 2020 due to pandemic

Published 06/18/2020, 10:02 AM
Updated 06/18/2020, 10:10 AM

MANILA, June 18 (Reuters) - The Asian Development Bank (ADB)
on Thursday slashed its growth forecast for developing Asia this
year to 0.1% from 2.2% to reflect the impact of the lockdowns on
economic activity due to the coronavirus pandemic.
The ADB kept its economic growth forecast for developing
Asia for next year at 6.2%.
Measures to contain the contagious flu-like virus have
hammered economies in Asia, causing a freeze in domestic demand
and the shuttering of businesses.

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