UN Assistant Secretary-General and UNDP Regional Director for Asia and the Pacific Kanni Wignaraja emphasized that standard economic management measures will not suffice in this landscape.
In its policy brief released on Monday, the UNDP described the conflict as “development in reverse”, cautioning that even a fragile ceasefire may not prevent long-lasting economic damage.
At the international poverty line of $3 a day, an additional 1.4 million people are estimated to have slipped into poverty between 2022 and 2025 due to stagnant labour incomes and persistent inflation that eroded the benefits of whatever growth occurred.
As the two-week ceasefire takes effect, markets will be watching closely for signs of sustained de-escalation. Yet even if fighting subsides, the economic scars of the Iran war may take far longer to heal, the three organisations said.
With the region still recovering from previous shocks, the latest ADB analysis serves as a timely reminder of the region’s exposure to distant geopolitical events.
The world has faced oil shocks before. This one, Birol made clear, is different – deeper, wider and more dangerous. How governments respond in the coming weeks will determine whether the pain remains temporary or becomes a lasting scar on the global economy.
Experts stress the need for sustained, multi-sectoral action: improved waste management, better urban infrastructure, public education, and research into vaccines or novel vector controls. Sri Lanka’s experience with malaria eradication shows what coordinated efforts can achieve.
The India Meteorological Department (IMD) has announced that conditions are highly favourable for the southwest monsoon to advance rapidly across large parts of north and central India over the coming days.
Experts stress the need for sustained, multi-sectoral action: improved waste management, better urban infrastructure, public education, and research into vaccines or novel vector controls. Sri Lanka’s experience with malaria eradication shows what coordinated efforts can achieve.