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Asian Development Outlook (ADO) 2020

What Drives Innovation in Asia?

Asian Development Bank (author)

ISBN: 9789292621551

Publication Date: Apr 2020

Format: Paperback

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.
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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.
Pages 396
Dimensions 280 x 216
Date Published 30 Apr 2020
Publisher Asian Development Bank
Series Asian Development Outlook
Subject/s Interdisciplinary Studies   Economic theory & philosophy   International economics   Development economics   Development studies   Economic growth   Business innovation  

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