Indonesia, Philippines and India Face Bond Turmoil as Iran-War Oil Shock Hits 3 Vulnerable Economies
Updated
Updated · Bloomberg · May 19
Indonesia, Philippines and India Face Bond Turmoil as Iran-War Oil Shock Hits 3 Vulnerable Economies
2 articles · Updated · Bloomberg · May 19
Indonesia, the Philippines and India are showing fresh strain as a global bond selloff adds to pressure already building from the Iran-war oil shock.
Capital outflows and sliding currencies are worsening the hit from higher energy costs, squeezing consumers and companies across the three economies.
That combination is pushing their central banks toward tighter policy even as growth conditions weaken, raising the risk of deeper market and economic turmoil.
The stress highlights how the weakest parts of Asia are becoming more exposed as Middle East tensions and global bond-market volatility reinforce each other.
As Asian economies falter, which global powers are poised to gain regional influence?
Can vulnerable Asian nations subsidize energy without triggering a full-blown debt crisis?
Could the Iran war crisis accidentally accelerate Asia's switch to green energy?