The Asian Development Bank noted that the ongoing conflict is contributing to increased inflation across Asia.
2 reports, 2 independent
Updated Jul 14
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What happened
The Asian Development Bank noted that the ongoing conflict is contributing to increased inflation across Asia.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Asian Development Bank
regional development bank
- The Asian Development Bank has lifted its growth outlook for developing Asia and maintained its forecast for China at 4.6%, noting energy costs from the Middle East conflict.
- The Philippines is seeking international financial support from the World Bank and Asian Development Bank for its budget needs.
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
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Masato Kanda
Japanese bureaucrat and Asian Development Bank President
Nothing else this week.
Related events
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- The Asian Development Bank is deploying financing to help the Philippines cope with the impacts of the ongoing war in the Middle East.
- Inflation pressures and supply choke due to conflict are driving monetary tightening in Bangladesh.
- The Bank of Spain reports on the economic impact of the Middle East conflict, noting that the geopolitical instability is directly affecting Spanish inflation.