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  1. Developing Asia Outlook. As the pandemic persists, developing Asia is projected to contract by 0.7% in 2020—the first regional GDP contraction since the early 1960s. Developing Asia excluding the newly industrialized economies will also contract by 0.5%. Growth is forecast to rebound to 6.8% in 2021, but this will still leave GDP next year ...

  2. pandemic persists, developing Asia is projected to contract by 0.7% in 2020— the first regional GDP contraction since the early 1960s. Developing Asia excluding the newly industrialized economies will also contract by 0.5%. Growth is forecast to rebound to 6.8% in 2021, but this will still leave GDP next year

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    What are the economic forecasts for Asia 2020?

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    What happens to the economy of a newly industrialized country?

    Which is a growing part of the Asian economy?

  4. Aug 16, 2021 · One of the economic commonality between Thailand, Indonesia, Malaysia and the Philippines is, all four are grouped under the term Newly Industrialized Country (NIC). Since the 1970s and 1980s, and on a more growing basis since the 1990s, these Southeast Asian nations have experienced robust growth which helped economists to differentiate them from other developing […]

  5. Apr 03, 2020 · The Asian Development Bank expects economic growth in developing and newly industrialized economies of Asia and the Pacific in 2020 to slow sharply to 2.2% due to the impact of the new coronavirus. The forecast for "developing Asia" -- excluding Japan, Australia and New Zealand -- compares with the 5.2 percent growth recorded in 2019, according ...

  6. Apr 04, 2020 · Excluding the newly industrialized economies of Hong Kong, China; the Republic of Korea; Singapore; and Taipei,China, developing Asia is forecast to grow 2.4% this year, compared to 5.7% in 2019, before rebounding to 6.7% next year. “The evolution of the global pandemic-and thus the outlook for the global and regional economy-is highly uncertain.

  7. Newly industrialized countries are shown in blue. The category of newly industrialized country ( NIC ), newly industrialized economy ( NIE ) [1] or middle income country [2] is a socioeconomic classification applied to several countries around the world by political scientists and economists .

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