Affected by the shocks of COVID-19，the Asia-Pacific economies are experiencing negative growth in 2020. The weighted average real GDP growth is expected to be -2.4%，6.9 percentage points lower than in 2019. The impact of the pandemic has further weakened the Asia-Pacific economic situation，which has already been negatively affected by trade frictions and slower external demand. The overall economic performance of the Asia-Pacific region in 2020 is better than the rest of the world，but this is mainly driven by China，and the growth performance of other Asia-Pacific economies is lower than the global economic growth. Most countries in the region will experience negative or nearly muted economic growth in 2020，and only China，Myanmar，and Vietnam will have significant positive growth. Inflation in the region has declined，currencies have fluctuated against US dollar，and current account balances have mostly reduced. The prospects of major four economies vary from strong to weak are：South Korea，Australia，Canada，and Indonesia，depending on the pandemic management，external environment and policy space. The Asia-Pacific region will regain momentum from the bottom of the pandemic，but still faces many uncertainties in 2021.