This publication provides updated economic growth forecasts for developing Asia. It downgrades forecasts by 0.1% to 7.0% for 2021 and 5.3% for 2022.

The main risk to the outlook remains a resurgence in cases of coronavirus disease (COVID-19), especially given the emergence of a fast-spreading variant. Other risks include a protracted correction in the housing market that could induce an unexpectedly sharp slowdown in the People's Republic of China, rising inflation, and persistent global supply disruption.

The publication is prepared by ADB in English language. Click here to access the publication.

Source: ADB

Illustration: ADB