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Economy

Trump shock hits Asian economies differently

Impact strong in Singapore, weaker in Philippines, India

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Clouds gather above the Marina Bay Sands resort in Singapore.   © Reuters

TOKYO -- Donald Trump's victory in the U.S. presidential election has cast various doubts over Asian economies, ranging from the possibility of rising protectionism to renewed financial market turmoil. For now, it appears the impact will differ by country. Economists revised their 2017 growth forecasts downward for four Southeast Asian countries -- Indonesia, Malaysia, Singapore and Thailand -- partly reflecting the Trump factor, while the prospect was revised up for the Philippines. India's forecast was revised down for 2016/17, but this is just as much a reflection of the temporary effects of demonetization, a new survey shows.

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