- Policies supported by timely, high-quality statistics lead to prosperous, inclusive, resilient, and sustainable societies. ADB’s Key Indicators 2023 data support this undertaking.
- Key Indicators 2023 shows that higher cost of living hits poor people the hardest. This is not only because poor people have less income, but also because, paradoxically, being poor is expensive.
- Strengthening social protection systems, boosting agricultural development, investing more in education and financial infrastructure, and leveraging innovation will help address higher costs of living.
At the beginning of 2022, Asia and the world seemed poised for an economic recovery as the COVID-19 pandemic began to recede. Unfortunately, additional shocks unsettled the nascent recovery, hindering the progress that had been underway. Cost of living pressures rose as prices of energy and food spiked in 2022. The webinar will present findings from Key Indicators for Asia and the Pacific 2023 focusing on the lingering impact of the pandemic and increased cost of living crisis on living conditions of people living in poverty. A panel of experts from the government and development community will discuss the report’s implications as we maneuver our way to get back on track in eradicating poverty by 2030.