Economic growth expectations for the Pacific have been downgraded to decline by 6.1% for 2020.
The Asian Development Bank had originally forecast a 4.3% decline in July of this year.
“Vaccine procurement and distribution, safe travel arrangements, and continuing to strengthen health and social protection systems will all be key to ensuring the region’s recovery is sustainable,” said ADB Director General for the Pacific Leah Gutierrez.
For now the ADB is projecting growth of 1.3% for the region next year, but its Pacific Economic Monitor released today states that . . .
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