Will East Asia Win the Pandemic?
Investors and analysts seem confident that East Asian countries will be able to keep COVID-19 in check, achieve robust economic recovery, and maintain stimulus measures, leading to ever-higher corporate profits and, in turn, stock prices. Perhaps they should take a cold shower.
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SEOUL – East Asian countries have done remarkably well in managing the COVID-19 pandemic and limiting its economic repercussions. But, given that significant risks and uncertainties remain, it is far too soon to say that the region will emerge from the crisis as a global winner.