People wearing face masks walk past the logo of Foxconn, the world’s largest contract electronics maker, in New Taipei City, Taiwan. Asia’s emerging markets are most at risk from the fallout of the coronavirus outbreak due to their strong trade linkages with China. Photo: EPA-EFE People wearing face masks walk past the logo of Foxconn, the world’s largest contract electronics maker, in New Taipei City, Taiwan. Asia’s emerging markets are most at risk from the fallout of the coronavirus outbreak due to their strong trade linkages with China. Photo: EPA-EFE
People wearing face masks walk past the logo of Foxconn, the world’s largest contract electronics maker, in New Taipei City, Taiwan. Asia’s emerging markets are most at risk from the fallout of the coronavirus outbreak due to their strong trade linkages with China. Photo: EPA-EFE
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Coronavirus: Markets looking at the silver lining miss the dark cloud looming over Asia’s economies

  • The consensus view in markets is that the virus is containable, with the collapse in economic activity likely to be short-lived. But emerging markets are more exposed to China than ever before, and their faith in the effectiveness of stimulus may not be repaid

People wearing face masks walk past the logo of Foxconn, the world’s largest contract electronics maker, in New Taipei City, Taiwan. Asia’s emerging markets are most at risk from the fallout of the coronavirus outbreak due to their strong trade linkages with China. Photo: EPA-EFE People wearing face masks walk past the logo of Foxconn, the world’s largest contract electronics maker, in New Taipei City, Taiwan. Asia’s emerging markets are most at risk from the fallout of the coronavirus outbreak due to their strong trade linkages with China. Photo: EPA-EFE
People wearing face masks walk past the logo of Foxconn, the world’s largest contract electronics maker, in New Taipei City, Taiwan. Asia’s emerging markets are most at risk from the fallout of the coronavirus outbreak due to their strong trade linkages with China. Photo: EPA-EFE
READ FULL ARTICLE
Nicholas Spiro

Nicholas Spiro

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.