As the socioeconomic impacts continue to unfold, the report said, "people already struggling to make ends meet are at risk of tipping over into a life of poverty."
Assuming that the pandemic has increased inequality, the report warned that the relative rise in extreme poverty may be even greater.
According to the report, about 203 million people, or 5.2 per cent of developing Asia's population, lived in extreme poverty as of 2017. Without Covid-19, that number would have declined to an estimated 2.6 per cent in 2020.
To achieve the SDGs by 2030, decision-makers "need to harness high-quality and timely data as a guide for actions to ensure that the recovery leaves no one behind -- especially the poor and vulnerable," ADB chief economist Yasuyuki Sawada said in a statement.