(Eagle News) — Developing Asia’s overall economic contraction in 2020 is forecast to be less severe than initially expected, although recovery in Southeast Asia continues to lag, the Asian Development Bank said on Thursday, December 10. According to the ADB’s Asian Development Outlook 2020 Supplement, the forecast 0.4 percent contraction is less than the 0.7 percent predicted in September. The ADB said projected 2020 growth in East Asia has been upgraded from 1.3 percent to […]