Asean gains in the near term amid US-China tensions, but beware of escalations: MAS’ Chia Der Jiun
November 3, 2024 / /
A key risk is a rapid increase in protectionist policies, which will negatively impact global growth and inflation tariffs, the managing director warns
THE South-east Asia region has benefited in the near term from a shift in trade and investment flows, amid growing geopolitical tensions globally.
But Chia Der Jiun, managing director of the Monetary Authority of Singapore (MAS), warns that the medium and long- term impact is less clear, especially amid risks of escalation.
“In the near term, growth seems to be quite well supported, with the base case for continuous stability and growth outlook,” Chia said.
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