Emerging economies need own timeline to manage and mitigate risks: Tengku Zafrul

International Trade and Industry Minister Datuk Seri Tengku Zafrul Abdul Aziz

DAVOS, Switzerland: Developing nations and emerging economies are facing the challenges of managing and mitigating risks arising from inflation, higher cost of living, energy crisis, climate change, debt, and geopolitical tensions.

"The short-term risk is the cost of living, from the perspective of developing markets and emerging economies. The cost of living issue started even before the pandemic and the pandemic has made it worse.