Asia’s Buffers Too Thin to Keep Absorbing Oil Shock: World Bank

The World Bank warns that East Asia and the Pacific's economic buffers are becoming too thin to handle the ongoing and future energy shocks, indicating a potential economic strain as the energy crisis persists into next year. This situation is critical as it could affect economic growth and stability in the region, impacting everything from inflation rates to trade dynamics. The warning underscores the need for strategic policy adjustments to mitigate long-term economic risks.