Continuing to browse our website indicates your consent to our use of cookies. For more information, see our Privacy Policy.

Sustainable trade

ADB Outlook 2020 Supplement: Lockdown, loosening, and Asia’s growth prospects


Published 01 June 2020

Developing Asia is now projected to grow by only 0.1% in 2020, which would be the lowest regional growth outcome since 1961.

This publication provides updated economic forecasts for Asia and the Pacific, taking into consideration the impact of coronavirus disease (COVID-19). The report states that contraction in growth is expected in all subregions except in East Asia. Growth will rebound to 6.2% in 2021 but composite GDP next year will remain below its pre-crisis trend, so the recovery will not be V-shaped. Excluding newly industrialized economies, regional growth is forecast at 0.4% in 2020 and 6.6% in 2021. Regional inflation is expected to remain benign at 2.9% in 2020 and 2.4% in 2021.

© The Hinrich Foundation. See our website Terms and Conditions for our copyright and reprint policy. All statements of fact and the views, conclusions and recommendations expressed in this publication are the sole responsibility of the author(s).


Asian Development Bank (ADB) is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members – 49 from the region.

Articles by this expert

View bio

Have any feedback on this article?

contact us