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Pandemic pushes back gains in poverty reduction ADB Louise Maureen Simeon © AFP/ File Pandemic pushes back gains in poverty reduction ADB MANILA, Philippines Developing economies in Asia-Pacific, including the Philippines, need to strive harder to address inequality as decades worth of gains in reducing poverty have been pushed back due to the pandemic. In yesterday’s virtual discussion organized by BusinessWorld in partnership with The STAR, Asian Development Bank (ADB) chief economist Yasuyuki Sawada said the pandemic has been highlighting social inequality which has led to increased poverty especially among vulnerable groups. Sawada said the widening income gap has been a constant problem in the region but over the last decades, slow but steady progress has been made.

Yasuyuki sawadaAsian development outlookAsian development bankFile pandemicKelly birdDevelopment outlookஆசிய வளர்ச்சி ஔட்‌லுக்ஆசிய வளர்ச்சி வங்கிகோப்பு சர்வதேச பரவல்கெல்லி பறவைவளர்ச்சி ஔட்‌லுக்