Singapore’s 2026 budget, which was announced on Thursday, signals a modest fiscal loosening for the coming year. The budget also placed significant emphasis on positioning the economy for the AI transition, with a strong focus on workforce development and retraining. We think Singapore is one of the best-placed economies in the world to benefit from the AI revolution.
The Bangladesh Nationalist Party won a decisive victory in this week’s general election. Its proposals to cut red tape are promising. However, its costly welfare proposals and a historically poor record on corruption raise concerns about the country’s prospects.
Thailand’s recent election produced a surprise victory for Prime Minister Anutin Charnvirakul and his Bhumjaithai Party, which could bring an end to a period of political instability. While the result has been positively received by financial markets, political continuity alone is unlikely to generate a rapid improvement in near-term economic growth.
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