The ADB cut its 2020 growth forecast for China to 2.3 per cent from 6 per cent and compares with 6.1 per cent growth last year. Photo: AFP The ADB cut its 2020 growth forecast for China to 2.3 per cent from 6 per cent and compares with 6.1 per cent growth last year. Photo: AFP
The ADB cut its 2020 growth forecast for China to 2.3 per cent from 6 per cent and compares with 6.1 per cent growth last year. Photo: AFP

Coronavirus could slash global GDP output by almost 5 per cent amid ‘severe financial turmoil’, ADB says

  • Coronavirus pandemic could cost the global economy almost 5 per cent of gross domestic product, Asian Development Bank says
  • Lender cuts China’s 2020 growth forecast to 2.3 per cent from 6 per cent in September last year

Topic |   Coronavirus pandemic
The ADB cut its 2020 growth forecast for China to 2.3 per cent from 6 per cent and compares with 6.1 per cent growth last year. Photo: AFP The ADB cut its 2020 growth forecast for China to 2.3 per cent from 6 per cent and compares with 6.1 per cent growth last year. Photo: AFP
The ADB cut its 2020 growth forecast for China to 2.3 per cent from 6 per cent and compares with 6.1 per cent growth last year. Photo: AFP
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