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

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

ADB 2020

eng

P920 As4

IF000016852

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.

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https://www.adb.org/publications/asian-development-outlook-2020-innovation-asia