ADB Blogs

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Remittances play a crucial role in Pakistan's economy, as a buffer during crises and a potential driver of sustainable growth. By aligning fiscal policies with macroeconomic indicators, Pakistan can maximize the positive impact of remittances on household welfare and long-term economic development.

The global impact of US monetary policy significantly affects capital flows and credit growth in emerging markets, highlighting the importance of macroeconomic fundamentals and institutional quality in determining resilience during different monetary cycles.

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 has slowly decreased in Asia and the Pacific this year, as global commodity prices have fallen

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.

The recent bank turmoil in the US has awakened ghosts of past financial crises. While the likelihood of a fully-fledged crisis seems limited, it cannot be ruled out. Policymakers in the region must act now to shield their economies from possible negative spillovers.

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.

Dark clouds gathering: the risk of major economies slipping into recession is significant.

Compared to Latin America and other regions, Asia scores high on innovation. The reasons are complex but education is fundamental to the process.

Wellness provides a more balanced and holistic view of a country’s development than its per capita gross domestic product. A new tool is helping policymakers measure wellness in society. 

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.

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.

Policies that promote wellness can help Asians navigate the uncertain, stressful COVID-19 world and achieve a better post-pandemic lifestyle.

Asian economies must strengthen their regulatory frameworks, and invest in digital networks and infrastructure, to support contactless payment systems.

Historical data reveals that Pakistan’s GDP exhibits booms followed by sharp busts. In a now-familiar pattern, periods of high economic growth (booms) have almost always led to a widening of the trade deficit and an increase in foreign liabilities.

THE centrality of fiscal policy in growth and development cannot be overstated. The government, through its taxation and spending instruments, has the ability to ensure an equitable economic growth.

The government's analysis raises some serious misgivings, divulging somewhat ambiguous and faulty priorities.

Private sector investment has been declining at an alarming rate from an annual average of 13pc of GDP for 2001-09 to less than 10pc since 2009.

Pakistan can achieve potential growth in next 1-2 years if it undertakes critical reforms delayed by successive govts

The finance minister, announcing the monetary policy, raises serious questions related to SBP’s current operations