This report forecasts growth in developing Asia of 7.1% in 2021 and 5.4%
in 2022 in an uneven recovery caused by divergent growth paths. Its
theme chapter explores sustainable agriculture.
Growth forecasts are revised up for East Asia and Central Asia from the
projections made in April, but down for South Asia, Southeast Asia, and
the Pacific. This reflects differences in vaccination progress and
control of domestic COVID-19 outbreaks but also other factors, including
rising commodity prices and depressed tourism. Inflation is expected to
remain under control. The main risks to the economic outlook come from
the COVID-19 pandemic, including the emergence of new variants,
slower-than-expected vaccine rollouts, and waning vaccine effectiveness.
Sustainable food production and agricultural systems that are resilient
to climate change will be crucial for developing Asia. To transform
agriculture in the region, its economies must tackle challenges from
changing consumer demand, changing demographics, and a changing and more
fragile environment.