The distribution of COVID-19 vaccines throughout 2021 raised optimism of a return to normal, but the emergence of the Omicron variant has quickly forced a reassessment. In the latest episode of ADB Insight, ADB chief economist Albert Park discusses the ways the pandemic will impact economic growth in Asia and the Pacific in 2022 and what other key issues are facing policymakers and their economies.
Chapters
01:02 ADB’s forecast for developing Asia: economic growth will be 5.3% in 2022
02:29 COVID-19 remains the biggest downside risk factor for economies in Asia
04:12 Developing Asia has seen relatively little inflationary pressure
05:19 Supply chain bottlenecks have not been so severe in Asia compared to other parts of the world
06:25 Asia is still an attractive destination for foreign direct investment
08:08 Governments also need to address the pandemic’s impacts on education and labor
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