

Inflation Threatens Continent’s Growth
Asia’s growth is threatened by spiraling inflation from higher food and fuel costs, an Asian Development Bank executive warned, and called on governments to tighten monetary policies to deal with the scourge. The Bank is reviewing its growth forecast of 7.6% this year for Asia, excluding Japan, amid concerns inflation will widen income inequality and cause more people to plunge into poverty, said its managing director general, Rajat M. Nag. This comes after Asia’s growth last year hit a two-decade high of 8.7%.







