Economic growth across Emerging Asia has continued to ease. However, this is just a return to what is normal and can be sustained rather than the start of a prolonged and severe downturn. Rapid exchange rate appreciation has brought more policy measures to curb capital inflow and lift outflows, but we still expect that regional currencies will eventually rise further. Stocks look set to climb some more as well, and bubbles will probably develop in some markets.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.