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Asian Development Outlook (ADO) 2020 - What Drives Innovation in Asia? (Paperback)
Loot Price: R1,370
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Asian Development Outlook (ADO) 2020 - What Drives Innovation in Asia? (Paperback)
Series: Asian Development Outlook
Expected to ship within 10 - 15 working days
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Growth in the region is expected to slow sharply to 2.2% in 2020
under the effects of the current health emergency and then rebound
to 6.2% in 2021. Excluding Asia's high-income newly industrialized
economies, growth will drop from 5.7% to 2.4% this year before
recovering to 6.7% next year. Headline inflation accelerated in
2019 as food prices edged up but remained low by historical
standards. Inflation will climb further to 3.2% in 2020, but
declining food prices in the latter half of the year will set the
stage for easing inflation in 2021. Downside risks to the outlook
are severe, most notably from coronavirus disease 2019 (COVID-19).
In these difficult times, when challenges to growth abound,
innovation is critical to inclusive and environmentally sustainable
growth. While some economies in developing Asia are near or at the
global innovation frontier, many others lag behind. This issue of
the Asian Development Outlook includes a Special Topic: The Impact
of the Coronavirus Outbreak-An Update.
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