ADB economists Irfan A. Qureshi and Matteo Lanzafame answer questions about inflation in Asia and how governments can best respond.
To benefit from the demand for Asian exports, rapid and widespread vaccination – particularly in light of the Omicron variant – is needed to stop the divergence in economic recovery paths among Asia’s economies.
COVID-19 has resulted in broad impacts on food security in Asia. Policymakers must respond quickly and aggressively to these challenges to avert long-term damage from this emerging crisis.
As new virus outbreaks emerge in developing countries in Asia, vaccines are changing the nature of the pandemic by rendering COVID-19 a much less deadly disease. Governments are responding with milder containment measures.
The pandemic has worsened inequality on many fronts. Pro-active macroeconomic policy combined with labor retraining programs and increased social protection are needed.
Compared to Latin America and other regions, Asia scores high on innovation. The reasons are complex but education is fundamental to the process.