Dhaka, March 26 -- The conflict in the Middle East (West Asia) could lower economic growth in developing Asia and the Pacific by up to 1.3 percentage points over 2026-2027 and raise inflation by 3.2 percentage points if energy market disruptions last more than a year, according to new research by the Asian Development Bank (ADB).
The conflict affects economies in Asia and the Pacific through higher energy prices, supply chain and trade disruptions, and tighter financial conditions. Tourism and remittances could also be impacted.
ADB to help developing member countries mitigate impacts from Middle East conflict
The ADB brief released on Thursday outlines three risk scenarios indicating that effects on the region's developing economies w...
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