Asian Development Outlook (ADO) 2020

What Drives Innovation in Asia?

By:

Asian Development Bank

Format:

Paperback / softback

Series:

Asian Development Outlook

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Description

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.

Release date Australia

April 30th, 2020

Author

Asian Development Bank

Audience

Professional & Vocational

Pages

396

Series

Asian Development Outlook

Dimensions

216x280x27

ISBN-13

9789292621551

Product ID

33851578

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