The Asian Development Bank expects economic growth in developing and newly industrialized economies of Asia and the Pacific in 2020 to slow sharply to 2.2% due to the impact of the new coronavirus.The forecast for "developing Asia" -- excluding Japan, Australia and New Zealand -- compares with the 5.2 percent growth recorded in 2019, according to the Manila-based bank."No one can say how widely the COVID-19 pandemic may spread, and containment may take longer than currently projected," ADB Chief Economist Yasuyuki Sawada said, adding that severe financial turmoil and financial crises are po…READ FULL ARTICLE
