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Energy Shock Hitting Poorer Nations Reliant on Imports Hardest

  • Emerging-market inflation may rise by 2 percentage points: ADB
  • Thailand, Pakistan, Vietnam among most vulnerable countries

The commodity price spike that’s been worsened by Russia’s invasion of Ukraine isn’t an equal-opportunity dispenser of economic distress.

The surging energy costs are causing headaches for governments around the world, but they’re especially painful for poorer nations that rely heavily on imported fuels. These countries don’t have the fiscal buffer enjoyed by wealthier peers, and can’t count on increased revenue from their own exports.