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View all search resultsWhile there are reasons for some optimism, the country needs to do more in terms of reforms and inclusivity to not just drive the domestic economy, but also to become the region’s leader in sustainable development.
If Trump continues to influence markets with his unpredictable policies, the risk of capital outflows from emerging economies could worsen, ultimately slowing investment inflows for a prolonged period.
The coronavirus pandemic is expected to lead to the slowest growth in more than 50 years in East Asia and the Pacific as well as China, while up to 38 million people are set to be pushed back into poverty, the World Bank said in an economic update on Monday.
While Australians are unlikely to buy millions of locally made cars, refrigerators and toasters as they did in the 20th century, a government push that puts manufacturing at the center of its longer-term recovery plan has strong industry support and has kindled ventures that would have seemed far-fetched half a year earlier.
Struggling to make ends meet, Lorraine Imperio swapped a pair of Nike slip-on shoes for a whole dressed chicken on an online bartering site, one of dozens that have sprouted up during the Philippines' virus lockdowns.