India’s gross domestic product is forecast to fall by 9 per cent in 2020 and rise 8 per cent in 2021. Photo: Bloomberg
Coronavirus could push 160 million more into poverty across Asia, ADB warns
- Overall gross domestic product growth for developing Asia will contract by 0.7 per cent this year, marking its first negative economic growth since 1962
- The Asian Development Bank cuts China growth forecast to 1.8 per cent this year from 2.3 per cent previously, although it will rebound 7.7 per cent in 2021
Topic |
Poverty
India’s gross domestic product is forecast to fall by 9 per cent in 2020 and rise 8 per cent in 2021. Photo: Bloomberg