Thailand, India, Indonesia risk biggest fallout from geopolitical shocksPalestinians search for casualties under the rubble of a house destroyed in Israeli strikes in Khan Younis in the southern Gaza Strip on Monday. Compounding the problem, US Treasury yields have soared on concerns that higher oil prices will revive inflation pressures. “For Indonesia, we think the fiscal position is likely to deteriorate.”Economists see some positives for India despite the higher dollar and elevated oil prices. Natixis’ Garcia Herrero pointed to strong macroeconomic data that makes the country’s assets attractive despite the headwinds. “The fact that Indian data has been so strong — latest PMI was the best in Asia — does help India,” said Garcia Herrero.

Source: Bangkok Post October 16, 2023 12:43 UTC