Economics
Asia Is Exception as Emerging Markets Start to Look Fragile
- Inflation scare passes Asia by as EM peers start to hike rates
- Trade power, financial strength sets region apart in EM world
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In the pandemic’s second year, some familiar worries -- about inflation, capital flight or public debt -- are starting to surface across the developing world. Except in one corner.
In Asia, policy makers aren’t too preoccupied with these classic emerging-market problems. Their economies look increasingly like they’ve emerged.