Bhutan’s Economy to Shrink in 2021 but Expected to Rebound in 2022 ADB
News Release | 29 April 2021
THIMPHU, BHUTAN (29 April 2021) Economic growth in Bhutan is forecast to contract by 3.4% this fiscal year (FY) 2021 from 0.9% in FY2020 on account of stringent pandemic containment measures, including two prolonged nationwide lockdowns that stifled economic activity across sectors, according to a new report by the Asian Development Bank (ADB).
The
Asian Development Outlook (ADO) 2021, ADB’s flagship annual economic publication, says economic growth is expected to recover moderately to 3.7% in FY2022 with strong policy responses to the coronavirus disease (COVID-19) pandemic, including the country’s vaccination drive.