Asian Development Outlook (ADO) 2020: What Drives Innovation in Asia?

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dc.contributor.authorADB
dc.date.accessioned2021-10-05T15:06:57Z
dc.date.available2021-10-05T15:06:57Z
dc.date.issued2020-04
dc.descriptionGrowth 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.
dc.format.extent396
dc.identifier.isbn9789292621551
dc.identifier.isbn9789292621568
dc.identifier.issn0117-0481
dc.identifier.issn1996-725X
dc.identifier.urihttps://www.adb.org/publications/asian-development-outlook-2020-innovation-asia
dc.identifier.urihttps://elibrary.tucl.edu.np/handle/20.500.14540/5848
dc.subject.otherEconomic research
dc.subject.otherInformation and communications technology
dc.subject.otherCommunicable and vector-borne diseases
dc.subject.otherEconomic data
dc.subject.otherIndustry and trade
dc.titleAsian Development Outlook (ADO) 2020: What Drives Innovation in Asia?
local.publication.countryRegional - Asia and the Pacific
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