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DATE AND TIME
Tue, 20 Oct. 2020, 09:30
Tue, 20 Oct. 2020, 11:30
Following our recent webinar series on Business Opportunities in the Asian Development Bank (ADB), we are now supporting British Expertise in this collaboration with the ADB to provide a macroeconomic update on the impact of Covid-19. This event will provide an updated analysis of the global economic impact of Covid-19, focused specifically on the economic outlook for Asia.
With the pandemic continuing to disrupt the global economy, developing Asia’s GDP is forecast to contract by 0.7% in 2020. Whilst GDP is expected to grow by 6.8% in 2021, this will still leave the region’s economy smaller than projected before Covid-19. The Asian economy remains resilient, but timely policy interventions will be necessary to ensure a healthy recovery.
In this webinar ADB experts will share their perspective on the macroeconomic picture globally and in Asia, providing attendees with the opportunity for questions about how the ADB sees the economic situation progressing.
As the pandemic began, Asian governments imposed a number of containment measures which ranged in severity between different countries and economies. This has had a severe impact on business activity, but as containment measures begin to ease in developing Asia the macroeconomics of Covid-19 are becoming increasingly complex.
The path of recovery varies significantly between regions. In South Asia sub regional GDP is expected to see a 7.1% rebound in 2021, whereas Central Asian growth in 2021 will remain low at 3.9%. This event will explore what the current and future macroeconomic trends are in relation to Covid-19 in Asia, looking at what this means for business sustainability in the region.
The discussion will aim to answer as many questions as possible – please feel free to email questions in advance to Matthew Gibbons at email@example.com