ADB economists Matteo Lanzafame and Irfan A. Qureshi define key terms related to inflation in Asia and the Pacific.
The pandemic has worsened inequality on many fronts. Pro-active macroeconomic policy combined with labor retraining programs and increased social protection are needed.
The pandemic is challenging policymakers across Asia. The shape of the economic recovery is uncertain but pro-active government and central bank policies can improve outcomes.
Finance, globalization, technology and urbanization – key drivers of economic growth – can lead to more or less inequality—depending on how prevalent they are in the economy.
Asia’s industries, primarily manufacturing, fueled phenomenal economic growth and poverty reduction in recent decades. But today many countries are looking to the service sector as an alternative.
The pandemic represents a severe challenge for policymakers in Asia. They need a response that will help economies achieve a more efficient and fairer allocation of resources in the economy, enhancing productivity, economic growth and employment.
Governments around the world are designing and implementing new industrial policies to address economic, security, and environmental concerns. Should policymakers in Asia and the Pacific follow suit?
Inflation in Asia and the Pacific’s developing economies has declined, but the fight may not be over. Underlying price pressures remain persistent, even as growth is weighed down by continued global headwinds. Policymakers can however put in place reforms to promote a low-inflation environment.
Families throughout Asia and the Pacific rely on money sent by relatives overseas. These remittances are threatened by the pandemic but policy actions can help.
Population aging can turn the demographic dividend into a drag on economic growth. New research indicates automation can lessen the effects of unfavorable demographic change on labor productivity.