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Don’t miss the latest developments in business and finance.
IMF cuts Asia's growth forecast, warns of Covid-19 pandemic-driven risks
While the IMF upgraded next year's growth forecast, it warned the recovery will be sluggish and patchy with countries dependent on tourism seen taking a particularly hard hit.
We're in the sell on a rise camp due to weak growth outlook: S Mukherjee
Companies have started talking about a revival, but that is inevitable after a hard lockdown, he says
Developing Asia to 'barely grow' in 2020; India's GDP to shrink by 4%: ADB
Hit hard by Covid-19, South Asia is forecast to contract by 3 per cent in 2020, compared to 4.1 per cent growth predicted in April
US-China trade tensions to dampen Asia's growth prospects, says ADB
ADB also slashed its growth estimate for India to 6.5 per cent from 7 per cent
Oil prices drop as US-China trade war concerns hit demand outlook
The US-China trade dispute rocked global equity markets last week, while a surprise build in US crude stocks added downward pressure to oil prices
ADB raises Asia growth outlook at 5.9%, flags risks from Fed unwinding
Developing Asia is expected to grow by 5.9 and 5.8 percent in 2017 and 2018, respectively