MANILA -- Developing Asia will barely grow this year as lockdowns imposed to fight the spread of the coronavirus hamper economic expansion, the Asian Development Bank said in a report on Thursday.
The region is expected to grow by 0.1% this year, the slowest rate since 1961 and a further deterioration from the 2.2% projection in April. The ADB said 33 of 46 economies are now expected to shrink, up from nine.
