Unexpectedly Intriguing!
14 September 2021

From time to time, our peers in Asia will alert us to developing stories on the state of economic affairs in their home region. On 30 August 2021, they really rang a bell suggesting they were highly concerned about the potential for a developing recession within the region.

Just over two weeks later, we can confirm their fears for the future have largely abated. But that doesn't address the developments that led them to have cause for concern. Here's a sampling of headlines that coincided with their heightened concerns:

All but the last story is significant in demonstrating the extent to which the coronavirus pandemic is still driving national economies. Among the nations of southeast Asia, which had largely escaped the negative impact of COVID in 2020, it's having an especially large impact. One with global dimensions:

That impact has been building since June 2021. We'll feature an estimate of how disruptive COVID has been to the global economy tomorrow, when we'll also explain why that last headline matters.

Screenshot: 6 September 2021 CNBC Interview with HSBC Joseph Incalcaterra

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