Border clashes between Thailand and Cambodia have led to falls in Thai financial markets, but the broader economic fallout should be modest. Other risks, which include deflation, political uncertainty, and trade tensions with the US are more pressing.
Meanwhile, the Philippines has become the latest country in the region to agree a trade deal with the US, joining Indonesia, Vietnam and Japan as countries to have made agreements. We will be holding an online Drop-In next week to discuss the implications of recent US trade deals for regional supply chains, global fracturing, economic growth, and financial markets across Asia. To register click here.
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