ADB forecasts rapid growth for China and India in 2021

Expansions in the two large economies improve outlook for developing Asia

A faster-than-expected recovery from the pandemic in China has helped to pull up the economic projection for the whole Asian region. © Reuters

CLIFF VENZON, Nikkei staff writer

December 10, 2020 10:30 JST

Updated on December 10, 2020 16:05 JST

MANILA -- China and India's economies are expected to expand rapidly in 2021, improving the outlook for developing Asia after the coronavirus sunk the region into recession this year.

China, where the COVID-19 outbreak was first reported a year ago, is projected to grow 2.1% this year from 1.8% forecast in September, the Asian Development Bank said in its final update for the year in its widely followed publication Asian Development Outlook. The region's largest economy is poised to grow 7.7% next year.