Research
- +16
Stewart Patrick, Erica Hogan, Oliver Stuenkel, …
{
"authors": [
"Trinh Nguyen"
],
"type": "legacyinthemedia",
"centerAffiliationAll": "dc",
"centers": [
"Carnegie Endowment for International Peace"
],
"collections": [],
"englishNewsletterAll": "asia",
"nonEnglishNewsletterAll": "",
"primaryCenter": "Carnegie Endowment for International Peace",
"programAffiliation": "AP",
"programs": [
"Asia"
],
"projects": [],
"regions": [
"South Asia",
"East Asia"
],
"topics": [
"Economy",
"Foreign Policy"
]
}
Source: Getty
In The Media
For Asia, at Least, This Is Not the Depression
Mobility restrictions, especially in economies dependent on domestic demand such as India, Indonesia, and the Philippines, have suppressed already shy spenders.
By Trinh Nguyen
Published on Jun 4, 2020
Source: Financial Times
Economic data is frightful right now — from retail sales to exports, growth engines are sputtering sharply. After a supply shock from China’s factory closures in February, Asia is confronting both domestic and external demand shocks in the second quarter. Mobility restrictions, especially in economies dependent on domestic demand such as India, Indonesia and the Philippines, have suppressed already shy spenders. Even in countries with “normalised” mobility, self-restraint has left shopkeepers wanting. Missing tourists, falling export sales, weakening remittances and cautious foreign investors have put income pressure on current account deficit economies, and even excess-saving ones such as China, Singapore and Thailand.
About the Author
Trinh Nguyen
Former Nonresident Scholar, Asia Program
Trinh Nguyen was a nonresident scholar in the Asia Program at the Carnegie Endowment for International Peace.
- BRICS Expansion and the Future of World Order: Perspectives from Member States, Partners, and Aspirants
- Indonesia’s Controversial Fuel Price Hike Was Actually NecessaryCommentary
Trinh Nguyen
Recent Work
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
More Work from Malcolm H. Kerr Carnegie Middle East Center
- In the Trump Gaza Plan, Diplomatic Failure is SuccessCommentary
By failing to address Palestinian representation, the current process is bound to lead to just another temporary arrangement.
Nathan J. Brown
- Egypt’s Military Landlord Economy and its LimitationsPaper
The armed forces champion a form of capitalism that is generating revenue, but its reliance on rent faces diminishing returns, leaving the country with massive sunk costs and deferred returns, deepening dependency on external borrowing.
Yezid Sayigh
- Bombing Campaigns Do Not Bring About Democracy. Nor Does Regime Change Without a Plan.Commentary
Just look at Iraq in 1991.
Marwan Muasher
- Iran and the New Geopolitical MomentCommentary
A coalition of states is seeking to avert a U.S. attack, and Israel is in the forefront of their mind.
Michael Young
- Baku Proceeds With Caution as Ethnic Azeris Join Protests in Neighboring IranCommentary
Baku may allow radical nationalists to publicly discuss “reunification” with Azeri Iranians, but the president and key officials prefer not to comment publicly on the protests in Iran.
Bashir Kitachaev
