May 2022 Update: Invest Through the Cycle to Generate Long Term Returns (Asia Frontier Capital)

We continue to believe that Bangladesh, Kazakhstan, Uzbekistan, and Vietnam will be able to manage this current period of macro uncertainty. This is not to say that these countries will not grapple with global macro headwinds, but they should be able to manage as they have low levels of debt and it is quite evident that higher debt levels have been the primary cause of economic crisis for some countries as global interest rates and inflation began to increase in the last few months. READ MORE

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