Skip to main content

Does Asia still have fiscal firepower?

Governments in Malaysia and the Philippines have recently announced big increases in spending to support their economies. But in the event that the developed world slips back into recession, not every country in the region will be as willing or able to let public spending increase as sharply as it did in 2008-09.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.

By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.