ASIA – ADB predicts a less severe economic dip for Asia (Al Jazeera)

Developing Asia is on course to contract this year, but probably less than previously thought as China’s economy enjoys a faster than expected recovery, the Asian Development Bank (ADB) said on Thursday.

Economic growth in developing Asia, a group of 45 nations in the Asia-Pacific, is expected to shrink 0.4 percent this year, the ADB said in an update to September’s Asian Development Outlook report, short of its earlier estimate for a 0.7 percent decline. For 2021, the region is forecast to grow 6.8 percent, the bank said.

Marco Emanuele
Marco Emanuele è appassionato di cultura della complessità, cultura della tecnologia e relazioni internazionali. Approfondisce il pensiero di Hannah Arendt, Edgar Morin, Raimon Panikkar. Marco ha insegnato Evoluzione della Democrazia e Totalitarismi, è l’editor di The Global Eye e scrive per The Science of Where Magazine. Marco Emanuele is passionate about complexity culture, technology culture and international relations. He delves into the thought of Hannah Arendt, Edgar Morin, Raimon Panikkar. He has taught Evolution of Democracy and Totalitarianisms. Marco is editor of The Global Eye and writes for The Science of Where Magazine.

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