The risk is that countries which are too slow in reversing these trends in record deficits and very low interest rates may see pressure on their currencies, said Fortress Capital CEO Thomas Yong.(pic)
UNEVEN economic growth in Asia is likely to persist for some time, while it is uncertain if the current recovery in some Asian economies may be sustained.
Such a scenario points to various vulnerabilities arising from record budget deficits, rising debt levels, geopolitical risks and uncontrollable virus infections.
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