Main menu For students For teachers Explore our subjects Student events & courses

Explore

More for students
Sign in

Teaching Economics

In the News

Asia sees first regional economic recession in sixty years

Graham Watson

15th September 2020

Share this content:

The Asian Development Bank (ADB) is reporting that for the first time in 60 years, "developing Asia" - a bloc of 45 countries is going to experience a recession.

On the plus side, it's forecast to bounce back the next year. However, it's clear that there are adverse developmental consequences as a result with many countries suffering a severe contraction of national output and a steep decline in real per capita incomes as a consequence.

Here is a link to their September 2020 forecast

According to the ADB, three-fourths of the region's economies are expected to contract this year. The People's Republic of China (PRC) is an important exception although growth here has slowed too.

Share this content:

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

You might also like

Introduction to Macroeconomics: Economic Recessions

24th August 2026

In the News Teaching Activity – Why have BP’s profits been rising? (May 2026)

14th May 2026

In the News Teaching Activity – What is the state of the UK’s economy? (Apr 2026)

30th April 2026

Navigating the 2026 Stagflation Trap - How Resilient is the UK Economy?

29th March 2026

Macro Case Study: India's development

Topical case studies

In the News Teaching Activity – Could the UK economy tip into recession? (Mar 2026)

23rd March 2026

In the News Teaching Activity – How does conflict influence growth and economic development? (Jan 2026)

22nd January 2026

Thailand’s E-Waste Crisis: An Economic Perspective

27th June 2025