A man stands in front of a screen showing the latest economy and stock exchange updates in Shanghai on June 15. The past year has been nearly a perfect storm for China and other Asian economies, but shifting winds could turn in their favour in 2023. Photo: EPA-EFE
Opinion
Opinion
Macroscope
Three ways 2022’s perfect storm could give way to fair winds for Asian economies
- Rising interest rates, a strong US dollar, an energy crisis and the pandemic combined to create stiff headwinds for Asian economies this year
- However, if the US dollar stops rising, the Federal Reserve pauses interest rate increases and China reopens, Asia could be poised for a better 2023
A man stands in front of a screen showing the latest economy and stock exchange updates in Shanghai on June 15. The past year has been nearly a perfect storm for China and other Asian economies, but shifting winds could turn in their favour in 2023. Photo: EPA-EFE
