Asia Growth Outlook

While the IMF upgraded next year's growth forecast, it warned the recovery will be sluggish and patchy with countries dependent on tourism seen taking a particularly hard hit.

Companies have started talking about a revival, but that is inevitable after a hard lockdown, he says

Hit hard by Covid-19, South Asia is forecast to contract by 3 per cent in 2020, compared to 4.1 per cent growth predicted in April

ADB also slashed its growth estimate for India to 6.5 per cent from 7 per cent

The US-China trade dispute rocked global equity markets last week, while a surprise build in US crude stocks added downward pressure to oil prices

Developing Asia is expected to grow by 5.9 and 5.8 percent in 2017 and 2018, respectively