As Asian governments ease lockdown measures and reopen borders, a group of regional economists share their thoughts with The Banker on how the region has been affected over the past two years and which sectors are in the most need of additional support for recovery.
South Korea’s economy has bounced back strongly from the pandemic slump, thanks largely to its dominance of the semiconductor space. Yet with a presidential election on the horizon and further interest increases forecast, there is still some uncertainty as to future growth potential.
As financial inclusion has increased worldwide, one area has remained stubbornly difficult to crack: banking services for women in developing markets. Banks are now working on providing tailored services that address the issues keeping women out of the formal banking system.