INSUBCONTINENT EXCLUSIVE:
In both cases, the permanent loss to GDP over the medium-term will rise to 12 per cent from 11 per cent in the base case.Meanwhile, the
Asian Development Bank or ADB projected the economic growth at 11 per cent for the current financial year, amid strong vaccine drive, but
cautioned that the surge in new cases may put the economic recovery at risk
is expected to expand at seven per cent for the financial year 2021-22
global recovery and early progress on COVID-19 vaccines
The projected resurgence follows a 0.2 per cent contraction last year, said ADB.
