Firend, A.R., 2016. Asian Economies, Brexit, and World Markets. In: 3rd Annual International Asian Markets Conference, 17-19 August 2016, Jakarta, Indonesia. (In Press)
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The IMF and World Bank reports of 2016 shows that growth in developing economies of East and Southeast Asian countries was resilient in much of 2015 and early 2016. The viewpoint for individual nations differs, contingent upon their exchange rate and monetary policy, an intertwined relationship between China and high-income economies, and their level of reliance on export. Excluding China, growth in Southeast Asian countries grew by 4.7% during 2015 and 4.8% during 2016 and expected to perform in the region of 4.9% during 2017. However, interestingly, markets recovered faster than expected shortly thereafter. Within less than a week, we witnessed a recovery in most stock markets. This most certainly reflects the level of confidence global investors and capital markets have in the UK economy and its ability to regain its global position regardless of the UK’s position within the EU. Asia will find advantages in having separate relationships and economic ties with the UK away from the EU. For instance, many industries will find it advantageous to invest in the UK and serve the EU markets from the UK. The UK location can also serve Asian companies as a hub to access markets in Africa and the Middle East, utilising the common wealth and new agreements with Europe.
|Item Type:||Conference or Workshop Item (Lecture)|
|Group:||Faculty of Management|
|Deposited By:||Unnamed user with email symplectic@symplectic|
|Deposited On:||01 Aug 2016 14:57|
|Last Modified:||20 Aug 2016 01:08|
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