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Asia is better placed now to handle crises, says new ADB chief
But there’s more the region’s economies can do to absorb the shocks of the trade and tariff turmoil.
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ADB president Masato Kanda said Asia had entered this round of turmoil from a relatively strong position.
PHOTO: ADB
This, too, shall pass. And for all you know, the region might even emerge stronger after the current trade and market turmoil.
That’s the message from the new president of the Asian Development Bank (ADB) to an Asia buffeted by the Trump tariffs, geopolitical swells that are disrupting supply chains, and shifting trade patterns that are resulting in an avalanche of Chinese-made goods threatening domestic industry.
