In a market note, Manulife Investment Management global chief economist and head of macroeconomic strategy Frances Donald said due to the conflict, it was also likely that global export momentum slows somewhat, and so those economies less reliant on foreign demand may enjoy a mild relative advantage.
PETALING JAYA: While emerging markets are, on balance, weakened by the effects of the Russia-Ukraine conflict, the economies that can absorb higher food and energy prices (such as Singapore and Malaysia) or those with least exposure to liquidity shocks (such as Indonesia and the Philippines) could be outperformers.
In a market note, Manulife Investment Management global chief economist and head of macroeconomic strategy Frances Donald said due to the conflict, it was also likely that global export momentum slows somewhat, and so those economies less reliant on foreign demand may enjoy a mild relative advantage.
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