Major Asean economies should be able to survive volatile market swings in 2023 following similar turmoil last year thanks to the region's strong fundamentals, says Singapore-based United Overseas Bank (UOB).
Asean countries rode out volatile markets in 2022, beset by lingering effects of the pandemic, Russia's invasion of Ukraine, US-China tensions, sharp price spikes and supply disruptions of energy and commodities, inflation spikes around the world, aggressive interest rate hikes by the Federal Reserve and other central banks and a US dollar rally, said Enrico Tanuwidjaja, an economist at UOB Asean.
