- Asian Development Outlook (ADO) 2021 Supplement: Recovery Continues
The main risk to the outlook remains a resurgence in cases of coronavirus disease (COVID-19), especially given the emergence of a fast-spreading variant. Other risks include a protracted correction in the housing market that could induce an unexpectedly sharp slowdown in the People‘s Republic of China, rising inflation, and persistent global supply disruption.
- Developing Asia’s GDP is expected to grow 7.0% in 2021 and 5.3% in 2022 - ADB report
- The People‘s Republic of China‘s GDP is expected to grow 8.0% in 2021 and 5.3% in 2022 - ADB report
- India‘s GDP is expected to increase 9.7% in FY21 and 7.5% in FY22 - ADB report