SINGAPORE/KUALA LUMPUR/MANILA (Reuters): Developing Asia will likely clock up its weakest growth in nearly six decades this year, the Asian Development Bank (ADB) has announced this week, as measures to contain the contagious novel coronavirus hammer economic activity.
Developing Asia, a group of 45 countries in the Asia-Pacific region, is expected to post growth of just 0.1% in 2020, the ADB said in a supplement to its Asian Development Outlook report issued in April, the slowest pace since 1961, before growing 6.2% next year.
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