President Joe Biden’s planned US$1.9trn fiscal support package for the US economy may provide a metaphorical shot in the arm for at least some emerging markets, partially offsetting the negative economic effects caused by the delayed rollout of actual coronavirus inoculations.
With US consumers likely to spend much of their cash handouts on imported goods, Biden’s package is good news for Asia’s emerging market exporters. Meanwhile, domestic demand in the emerging world is set to remain subdued through 2021.
In this video interview, Udith Sikand assesses the conflicting forces affecting emerging economies, and identifies this year’s potential winners and losers. vimeo.com/502924512 #assetallocation #em #emergingmarkets #interview #asia #exporters
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