S&P : South And Southeast Asian Economies Grapple With Growth And External Financing Risks

Some analysts have turned up the volume on the risks facing Asia’s emerging economies. At the same time, global financial markets are exhibiting more turbulence, with significant sell-offs in emerging markets. Capital is exiting Asia, bourses and currencies are coming under pressure, funding costs are rising, and some company balance sheets are coming under stress. This has been particularly true in South and Southeast Asia, where external deficits are the norm. This market turbulence comes on the heels of recent cuts in Asian GDP growth estimates, most notably for China. Are we on the verge of a repeat of the Asian financial crisis as the region pays for its excessive borrowing post-Lehman? The road may be rocky in the near term, particularly for the largest deficit countries–India and Indonesia–but we don’t think this is the Asian crisis all over again.

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About AIWMI

The Association of International Wealth Management of India (AIWMI) is a not-for-profit organization and a globally recognized membership association for finance professionals. AIWMI primarily focuses on the broad and strategic role of developing a more robust and forward-looking training infrastructure for the financial services sector and to promote more active industry involvement and collaboration in training and continuing education. AIWMI is offering advanced international certification programs along with a wide variety of high-quality executive education programs. AIWMI programs combine state-of-the-art knowledge and skills with practical experience and insights into the functioning of the financial sector. All AIWMI courses and educational events have an intense and pragmatic curriculum. Participants are exposed to the latest developments within the financial services sector. AIWMI plays a key role in guiding the development of the financial services sector. AIWMI works with key industry participants’ viz. the Government, the Regulators, the Industries/Associations, the Corporate, the Media and the General Public to achieve its objectives. Besides enhancing technical competence and professionalism in the industry, AIWMI organizes events and facilitates discussions to promote best practices in leadership and talent development in the financial sector with an aim to become Asia’s premier center of excellence for financial education.

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