Emerging Asia to grow 0.1% in 2020, slowest rate since 1961

ADB says 33 economies to shrink as banks renew warning of financial crises

20200618 ADB Terminal Singapore

Container ships are shown in Singapore in July 2019. © Reuters

CLIFF VENZON, Nikkei staff writer

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.

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