Matteo Lanzafame News Today

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.

Asia’s developing countries will not be spared from the impact of a recession in advanced economies, with the effect mainly to be on trade, the Asian Development Bank said.

Targeted subsidies on the most affected sectors should be the short-term solution to manage soaring inflation and not the suspension of excise taxes on fuel products, the Asian Development Bank said.

AS commodity prices continue to spiral, poor households should consume less wheat-based foods and increase their consumption of more accessible grains like rice, according to economists from the Asian Development Bank (ADB). For Filipinos, this may mean consuming less pan de sal, a breakfast and merienda staple, to avoid being…

Since China began to open up and reform its economy in 1978, growth has averaged almost 10% a year, and more than 800 million people have been lifted out of poverty. There have also been significant improvements in access to health, education and other services, with the mainland now an upper-middle-income country.

In anticipation of rising inflation, Asian Development Bank (ADB) expects Central Banks in developing Asia to tighten their monetary policy this year even though the inflation outlook for the region remains manageable compared to other regions. Speaking in ADB’s Asian impact webinar, its senior economist Matteo Lanzafame said Central Banks should start to tighten monetary policy by raising interest rates to fight against anticipated rising inflation as this will help them from falling behind t...

The commodity price spike that's been worsened by Russia's invasion of Ukraine isn't an equal-opportunity dispenser of economic distress.

The commodity price spike that's been worsened by Russia's invasion of Ukraine isn't an equal-opportunity dispenser of economic distress.

Some countries don’t have the fiscal buffer enjoyed by wealthier peers and can’t count on increased revenue from their own exports.

(Bloomberg) -- The commodity price spike that’s been worsened by Russia’s invasion of Ukraine isn’t an equal-opportunity dispenser of economic distress.