Boao Forum Predicts Asia’s Economy Will Grow 6.5% in 2021

What’s new: The Asian economy will grow by 6.5% this year after a recession caused by Covid-19 resulted in a 1.7% contraction in 2020, according to a report released by the Boao Forum for Asia.

Due to the impact of the pandemic, Asian economies shrank 1.7% last year, suffering falling prices, increased unemployment, reduced trade and cross-border investment and changes in commodity prices, according to the forum’s Asian Economic Outlook and Integration Process report.