Weekend Long Read: Why emerging economies in Asia face a tougher road to growth
A war, an AI boom and a stubborn set of structural limits are splitting Asia's emerging economies into winners and squeezed. As the IMF and World Bank prepare to meet in Bangkok, the July forecasts rest on assumptions that have not held so far.
Emerging economies in Asia are facing a challenging road to growth due to various factors. A war and an AI boom are contributing to the split of these economies into winners and those that are struggling. The International Monetary Fund (IMF) and World Bank are set to meet in Bangkok, with July forecasts based on assumptions that have not yet held true, according to Thailand Business News.
The ongoing crisis in West Asia is causing uncertainty, with volatile crude oil prices, fuel costs, transportation, and logistics expenses, as well as disrupted supply chains, as reported by The Economic Times - Economy. This situation is putting pressure on contractors and concessionaires, who are facing abnormal financial and operational pressures.
The National Highways Builders Federation (NHBF) has requested an extension of relief measures for road concessionaires beyond September 30, citing the need for further support to help them cope with financial stress, The Economic Times - Economy reported.
Brief written by urgent.news from Thailand Business News, The Economic Times - Economy — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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- West Asia crisis: National Highways Builders Federation seeks 3-month extension of road relief measures economictimes.indiatimes.com
