However, growth is expected to rebound to 6.8% in 2021, although output is likely to remain below what was envisioned before the pandemic. Asian Development Bank (ADB) released the forecasts in a report, titled “Asian Development Outlook (ADO) 2020 Supplement: Paths Diverge in Recovery from the Pandemic,” on Thursday. For South Asia, the earlier forecast of 6.8% contraction in 2020 has been updated to 6.1% in line with an improved projection for India. Central Asia is still projected to contract by 2.1% in 2020, and the Pacific economies by 6.1%. Development Asia is the Asian Development Bank's knowledge collaboration platform for sharing development experience and expertise, best practices, and technologies relevant to the Sustainable Development Goals (SDG).

Source: Dhaka Tribune December 10, 2020 07:41 UTC