INSUBCONTINENT EXCLUSIVE:
May countries in Asia-Pacific are expected to see no growth in 2020, the report saidDeveloping Asia will likely clock up its weakest growth
in nearly six decades this year, the Asian Development Bank (ADB) said on Thursday, as measures to contain the contagious novel coronavirus
The updated forecasts show more damage to economies in developing Asia than estimates it released it April, which predicted 2.2 per
in a statement."While we see a higher growth outlook for the region in 2021, this is mainly due to weak numbers this year, and this will not
be a V-shaped recovery," Sawada said, as he underlined the need for governments to undertake measures to cushion the economic blow of the
pandemic and prevent further waves of infections.ADB's outlook for China this year also turned grimmer
escalation in US-China trade tensions also posing a downside risk.Citing depressed demand and lower oil prices, the ADB said inflation for
