New Delhi, March 6 -- Asian economies should strengthen policy frameworks and focus on stabilisation measures as the ongoing conflict in the Middle East threatens the region's energy, trade, and financial resilience, according to Albert Park, Chief Economist of Asian Development Bank (ADB).

In a social media post, Park noted that policymakers in Asia should prioritise stabilisation rather than suppressing price signals as geopolitical tensions continue to disrupt global energy markets.

He said shielding consumers from higher domestic energy costs through price controls or broad subsidies could distort market incentives and weaken efficient resource allocation.

He suggested "Policies should focus on stabilization rather than suppression...