MANILA -- Emerging Asian economies are expected to grow at their slowest pace this year in 22 years, due to the coronavirus pandemic that has shut down business activity in large swathes of the world, the Asian Development Bank said in a report on Friday.
The ADB also warned of financial crises and estimated that the outbreak will likely knock $2.0 trillion to $4.1 trillion, or 2.3%-4.8%, off the world's gross domestic product in 2020.
