Within Asia, North Asia countries such as China, Taiwan, and South Korea emerged from the crisis relatively quicker than the rest of the world due to better crisis management with the extensive use of technological surveillance and large scale testing. Higher fiscal spend and stabilization measures contributed to the faster rebound. Due to the more efficient crisis management, the amount of fiscal stimulus required in North Asia is likely to be much less than in most developed countries.
However, there are certain countries in Asia, for example, India, the Philippines and Indonesia that are still facing an uphill battle in controlling the virus. These countries have less fiscal flexibility, a larger unemployed population, and are likely to be more susceptible to a resurgence in new cases. READ MORE
Similar Posts:
- Chart: Asia GDP Per Capita Has Risen Sharply Since 1960 (Aberdeen)
- Asia at a Crossroads: Demographics, Economics & Investment (State Street)
- Asia is Home to 50% of World’s Fastest Growing Companies (Nikkei Asian Review)
- Artemis’ Edelsten: Emerging Markets are Expensive With the Exception of China (What Investment)
- Margetts’ Ricketts: Low Oil Prices Mean Asia and Emerging Market Funds Can Keep Rallying (FE Trustnet)
- Powell Pushing Asia Into a New Financial Crisis (Asia Times)
- Scottish Oriental Smaller Companies Trust – Annual Report for Year Ended Aug 31, 2022
- No Improvement in Asia Pacific Corporate Payments in 2015 (Coface)
- MOBIUS INVESTMENT TRUST: Mobius Scans Far Horizons as China Shunned – Manager Carlos Hardenberg Says he is Facing Strong Headwinds (Daily Mail)
- Which Countries Are Most Influenced By China? (Oilprice.com)
- Emerging Market Stock Pick Tear Sheets (July 1-15, 2023)
- Economic Prospects in Several Emerging Asia Countries (Wells Fargo Securities)
- The World in 2050 (PWC)
- BlackRock’s Swann: Look at the China Slowdown in a Long Term Context (FE Trustnet)
- Chartbook #153: The South Asian Polycrisis (Chartbook Substack)
