GDP data released over the next month or so in Emerging Asia are likely to show that recoveries continued everywhere across the region (excluding China) in Q1. That’s despite the fact that almost all countries set fresh records for daily new virus cases, with some experiencing full-scale outbreaks for the first time. Omicron is now fast receding, but it’s not all plain sailing from here. Other headwinds to growth are mounting from the surge in global commodity prices and the potential disruption from COVID outbreaks in China.
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