Asian Development Outlook (ADO) 2020

What Drives Innovation in Asia?

Asian Development Bank

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English

Asian Development Bank
30 April 2020

Illness & addiction: social aspects; Economic forecasting; Development economics; Health economics

Series: Asian Development Outlook

Summary
Details

Growth in the region is expected to slow sharply to 2.2% in 2020 under the effects of the current health emergency and then rebound to 6.2% in 2021.

Excluding Asia’s high-income newly industrialized economies, growth will drop from 5.7% to 2.4% this year before recovering to 6.7% next year. Headline inflation accelerated in 2019 as food prices edged up but remained low by historical standards. Inflation will climb further to 3.2% in 2020, but declining food prices in the latter half of the year will set the stage for easing inflation in 2021. Downside risks to the outlook are severe, most notably from coronavirus disease 2019 (COVID-19). In these difficult times, when challenges to growth abound, innovation is critical to inclusive and environmentally sustainable growth. While some economies in developing Asia are near or at the global innovation frontier, many others lag behind.

This issue of the Asian Development Outlook includes a Special Topic: The Impact of the Coronavirus Outbreak—An Update.

By: Asian Development Bank
Imprint: Asian Development Bank
Volume: 2020
Dimensions: Height: 280mm, Width: 216mm, Spine: 27mm
Weight: 1.238kg
ISBN: 9789292621551
ISBN 10: 9292621556
Series: Asian Development Outlook
Pages: 396
Publication Date: 30 April 2020
Audience: Professional and scholarly , Undergraduate
Format: Paperback
Publisher's Status: Active