Asian economy projected to represent about 50.2% of the world in 2020

The Boao Forum for Asia (BFA) held an online event on Friday, to launch flagship report "Asian Economic Outlook and Integration Progress 2020."

According to the report, the Asian economy is likely to continue on the low-speed track in the years to come. Some Asian economies are likely to face greater downward pressure in 2020, and the Asian economy as a whole is expected to experience zero growth, and is projected to represent about 50.2 percent of the world's total.

The report also pointed out that the Asian economy hinges on the development of the pandemic and economic measures. In the best-case scenario, if the pandemic is mitigated in the second half of the year, Asia's growth rate might still be positive. But if the virus returns or stimulus policies turn out to be ineffective, there is still a possibility for Asia's growth rate to fall below zero.